Good Friday 2020 Bank Holiday and Banks & the Stock Market Open

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There is no federal holiday on Good Friday, so most banks will be open on Friday, April 10 this year. While most federal services are still operated on Good Friday, the stock market will be closed all day on April 10 to observe the exception: the New York Stock Exchange and NASDAQ Good Friday.

The market will reopen on Monday, April 13 and go ahead with its normal times – after opening at 9:30 am EST and closing at 4 pm EST. The next market holiday is Memorial Day, which is Monday, May 27, 2020, although the hours before Friday, May 22 are reduced.

Good Friday 2020 Bank Holiday and Banks & the Stock Market Open

Good Friday 2020 Bank Holiday and Banks & the Stock Market Open
Good Friday 2020 Bank Holiday and Banks & the Stock Market Open

There are two rules that dictate the closing of the stock market over the holidays, according to the Nasdaq website. The first rule is “If the holiday is Saturday, then the market will be closed on the previous Friday,” and the second is “If the holiday is Sunday, then the market will be closed on the following Monday.”

On the holidays described below, the stock market closes for the entire day, but there are also days when the market closes too early. The time for Thanksgiving and Christmas will be reduced by 2020, the NYSE website says. See the full list of NYSE federal holiday closures below (minus Good Friday, which is not a federal holiday):

  • New Year’s Day (January 1)
  • Martin Luther King Jr. Day (January 20)
  • President’s Day (February 17)
  • Good Friday (April 10)
  • Memorial Day (May 25)
  • Independence Day (July 4)
  • Labor Day Monday (September 7)
  • Thanksgiving Day (November 26)
  • Christmas Day (December 25)

The Nasdaq holiday schedule is very similar to NYSE, with the same limited trading hours during half days. Nasdaq observes the following holidays with either reduced hours or closures, according to the website:

  • New Year’s Day
  • Martin Luther King Jr. Day
  • President’s Day/Washington’s Birthday
  • Maundy Thursday
  • Good Friday
  • Friday before Memorial Day
  • Memorial Day
  • Day before Independence Day
  • Independence Day
  • Labor Day
  • Columbus Day
  • Veterans Day
  • Thanksgiving Day
  • Friday after Thanksgiving
  • Christmas Eve
  • Christmas Day
  • New Year’s Eve

Good Friday is Not a Federal Holiday, yet Banks Typically Remain Open

Good Friday is Not a Federal Holiday, yet Banks Typically Remain Open
Good Friday is Not a Federal Holiday, yet Banks Typically Remain Open

Good Friday is not a federal holiday in the United States, which means most federal services are open, including banks, garbage supplies, postal services and parks. However, the Covid-1 epidemic is still spreading across the country, with many banks simply shutting down their lobby and limited services to drive their cars, so we encourage readers to keep that in mind when they leave on Friday.

Although most banks will be open on April 10, we always recommend calling your local branch to be sure of operation times, as some may vary depending on your location. Many bank branches within the grocery and department stores have already been temporarily closed due to coronavirus, so customers will be limited to where they can go. Expect a longer line at the ATM, while waiting longer than usual.

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