US stocks and bonds: Memorial Day 2019 trading schedule
WASHINGTON. Coming up Monday, May 27, 2019: America’s annual Memorial Day Holiday celebration. On Memorial Day, we remember and honor those brave men and women who, throughout American history have died for our freedom while serving in the U.S. Military. As Memorial Day is celebrated nationwide as a Federal holiday, banks close and trading action in US stocks and bonds takes a pre-summer holiday day off.
The Memorial Day Holiday comes a bit earlier this year than usual. Aside from that, weather permitting, most Americans also tend to celebrate this holiday as the First Day of Summer. Even though summer won’t officially happen until late June. As for stock and bond traders, you’ll likely find that as the current week heads for the long weekend that trading action on Wall Street will tend to get quite erratic. Which it certainly happens to be doing today, as Thursday traders take a decidedly bearish turn, even as other traders are already off to the beaches, or wherever you go to find a traffic jam on the “first day of summer.”.
At any rate, the thinning action leading up to a national holiday often means that when traders return, in this case next Tuesday, they’ll suddenly reverse course. But you never know. We’re tracking Thursday’s action thus far in today’s companion column. So check it out for market sentiment as we approach the weekend.
Memorial Day Trading Schedule for US Stocks and bonds
As with most Federal holidays, this one has a bit of bumper action depending on what financial instruments you may be holding or wish to hold. Here’s how this long holiday weekend will work for traders and investors in US stocks and bonds this Memorial Day 2019.
On Friday, May 24, 2019:
U.S. Fixed Income markets will close early, at 2:00 p.m. ET.
On Memorial Day, Monday, May 27, 2019
All U.S. markets will close in observance of Memorial Day.
There will be no pre-market or after-hours trading sessions.
Investors in US stocks and bonds wishing to move funds in their brokerage accounts should check with their individual brokerage firms. These firms may have different rules for these transactions.
Equity orders (US stocks, options) will settle as follows:
|Trade Date||Settlement Date|
|Thursday, May 23, 2019||Tuesday, May 28, 2019|
|Friday, May 24, 2019||Wednesday, May 29, 2019|
Canadian markets are open as usual Monday, May 27, 2019.
If you plan to place international trades, consult with your broker for individual rules concerning trade dates and settlements.
— Headline image: Memorial Day imagery, via Flickr, Creative Commons license: Ian Sane.