Investing in the US stock market can be a lucrative venture, but it's crucial to stay informed about the market's schedule, including public holidays. In 2017, the US stock exchanges observed several holidays that impacted trading activities. This article provides a comprehensive guide to the public holidays observed by the major US stock exchanges in 2017.
Major US Stock Exchanges
The United States has several major stock exchanges, including the New York Stock Exchange (NYSE), the NASDAQ, the Chicago Stock Exchange (CHX), and the BATS Global Markets. These exchanges are responsible for facilitating the trading of stocks, bonds, and other securities.
Public Holidays in 2017
Here's a list of the public holidays observed by the major US stock exchanges in 2017:
- New Year's Day (January 2, 2017): This holiday marks the beginning of the year and is celebrated on the first Monday of January.
- Martin Luther King Jr. Day (January 16, 2017): This holiday honors the civil rights leader Martin Luther King Jr. and is observed on the third Monday of January.
- Washington's Birthday (February 20, 2017): Also known as President's Day, this holiday commemorates the birthday of George Washington and is observed on the third Monday of February.
- Good Friday (April 14, 2017): This holiday celebrates the crucifixion and resurrection of Jesus Christ and is observed on the Friday before Easter Sunday.
- Memorial Day (May 29, 2017): This holiday honors military personnel who died in the line of duty and is observed on the last Monday of May.
- Independence Day (July 4, 2017): This holiday celebrates the Declaration of Independence and is observed on July 4th.
- Labor Day (September 4, 2017): This holiday honors the contributions of workers and is observed on the first Monday of September.
- Columbus Day (October 9, 2017): This holiday commemorates the landing of Christopher Columbus in the Americas and is observed on the second Monday of October.
- Veterans Day (November 10, 2017): This holiday honors military veterans and is observed on November 11th.
- Thanksgiving Day (November 23, 2017): This holiday is celebrated on the fourth Thursday of November and is a day of giving thanks.
- Christmas Day (December 25, 2017): This holiday celebrates the birth of Jesus Christ and is observed on December 25th.
Impact on Trading
It's important to note that trading on these holidays can be affected by the timing and duration of the holiday. For example, if a holiday falls on a weekday, trading may be suspended for the entire day. Additionally, some exchanges may observe holidays on different dates or have different trading hours.
Case Study: Thanksgiving Day 2017
In 2017, the Thanksgiving Day holiday fell on November 23rd. The NYSE and NASDAQ observed the holiday, which resulted in a two-day trading suspension. This meant that the markets were closed on Thanksgiving Day and the following Friday. This affected investors who were planning to trade during that period.
Conclusion
Understanding the public holidays observed by the US stock exchanges is crucial for investors who want to stay informed and make informed trading decisions. By knowing the schedule, investors can plan their trading activities accordingly and avoid missing out on potential opportunities.
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