As the calendar approaches Columbus Day on Monday, October 13, 2025, investors should be aware of the unique status of this holiday in relation to stock market operations. Unlike many federal holidays that prompt a market closure, both the New York Stock Exchange (NYSE) and Nasdaq will remain open, allowing for regular trading hours beginning at 9:30 a.m.
Columbus Day traces its origins back to 1492, marking the expedition led by Christopher Columbus that led to the European colonization of the Americas. Initially recognized in 1892, the holiday was established by President Benjamin Harrison as a means to promote acceptance of Italian immigrants in the United States. This gesture aimed to celebrate their shared heritage with Columbus during a time of widespread nativist backlash.
However, the holiday has faced significant criticism over the years due to its colonial implications. This sentiment has led some states and municipalities to shift their observance to Indigenous Peoples’ Day, which honors the history and contributions of Indigenous communities rather than glorifying colonization.
In a recent proclamation, former President Donald Trump defended Columbus Day, condemning detractors of the holiday. He referred to Columbus as “the original American hero” and criticized what he described as a “vicious and merciless campaign” to revise history and diminish the accomplishments of those who have shaped the nation.
On the trading front, while the stock market is operational during Columbus Day, certain other financial markets will not be. The U.S. bond market will close for the holiday, adhering to a separate schedule than that of stock markets. While electronic trading will continue, physical trading floors and over-the-counter operations will be inactive. Additionally, commodity futures markets such as the Chicago Mercantile Exchange and Intercontinental Exchange will operate on modified hours, so traders are advised to check the specific schedules.
Looking ahead, the next federal holiday impacting the stock market will be Thanksgiving on November 27, followed by Christmas Day, when trading will also pause. As investors prepare for Columbus Day, understanding these nuances can help them make informed decisions in the ever-evolving landscape of financial markets.
