As Americans honor military veterans on Tuesday, November 11, 2025, investors may be surprised to learn that the stock market will remain open for business despite the federal holiday.
Both the New York Stock Exchange (NYSE) and Nasdaq will operate on their regular trading schedules on Veterans Day, with no closures or early hours. Trading will proceed as usual from 9:30 a.m. to 4:00 p.m. Eastern Time.
However, the financial landscape presents a split picture. While equity markets continue normal operations, the U.S. bond market will be closed in observance of the federal holiday, following the Securities Industry and Financial Markets Association (SIFMA) holiday schedule.
Banks Closed, Trading Settlement Delayed
The divergence extends beyond bond markets. Banks nationwide will be closed on Veterans Day, creating potential complications for traders. Trade settlements will be delayed by one business day due to the banking closure.
For example, investors who sell positions on Monday, November 10, won’t see funds settle until Wednesday, November 12, rather than the typical next-day settlement. Deposits made after banking hours on Monday or on Tuesday will be batched on Wednesday.
A Pattern, Not an Exception
Veterans Day joins Columbus Day as federal holidays when stock markets remain open. This differs from other federal holidays like Presidents’ Day, Martin Luther King Jr. Day, and Juneteenth, when markets close completely.
The practice reflects the stock market’s selective approach to federal holidays, prioritizing trading continuity for certain observances while respecting others with full closures.
Historical Context
Veterans Day commemorates the armistice signed between Allied nations and Germany on November 11, 1918, which went into effect at the eleventh hour of the eleventh day of the eleventh month. The day honors all American veterans for their service and sacrifice.
Unlike Memorial Day, which specifically honors those who died while serving, Veterans Day celebrates all military veterans, living and deceased.
Looking Ahead
The next full market closure comes on Thanksgiving, November 27, followed by an early close at 1:00 p.m. on Black Friday, November 28. Christmas Eve and Christmas Day will also see modified schedules, with early closures and full-day shutdowns respectively.
For investors planning trades around the holiday, financial advisors recommend awareness of the settlement delays and ensuring sufficient cleared funds before initiating transactions.
Despite the federal holiday, mail delivery will be suspended, federal offices will close, and most banks will remain shuttered — but on Wall Street, it will be business as usual.
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