Is the stock market open on Christmas Eve and Christmas? Normally, the answer to that question is no-ish. That's because Christmas Eve is typically an early closure day for Wall Street, while both the stock and bond markets are closed for the entirety of Christmas Day.
However, Christmas Eve falls on a Sunday in 2023, while Christmas Day is on Monday. So market participants will be completely off on both Christmas Eve and Christmas Day.
The stock market has built up impressive gains so far in December, aided in part by signs that inflation is easing and that the Federal Reserve is likely done raising interest rates and could be ready to start cutting them next year. As of this writing, the Nasdaq Composite is up 4.6% for the month-to-date, while the S&P 500 is 3.8% higher and the Dow Jones Industrial Average has added 3.9%.
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If history is any guide, stocks could continue this momentum into year's end. According the the Stock Trader's Almanac, the so-called Santa Claus Rally, which typically occurs during the last five trading days of the year and the first two trading days of the new year, has occurred 58 times since 1950, resulting in a 1.4% return for the S&P 500.
Are banks open on Christmas? The answer to that question is no. Christmas Day is one of several bank holidays in 2023, so banks will not be open.
Below, we feature a full schedule of all stock market holidays and bond market holidays for 2023.
2023 Market Holidays
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| Date | Holiday | NYSE | Nasdaq | Bond Markets* |
|---|---|---|---|---|
| Monday, January 2 | New Year's Day (Observed) | Closed | Closed | Closed |
| Monday, January 16 | Martin Luther King, Jr. Day | Closed | Closed | Closed |
| Monday, February 20 | Presidents' Day/Washington's Birthday | Closed | Closed | Closed |
| Thursday, April 6 | Maundy Thursday | Open | Open | Early close (2 p.m.) |
| Friday, April 7 | Good Friday | Closed | Closed | Closed |
| Friday, May 26 | Friday Before Memorial Day | Open | Open | Early close (2 p.m.) |
| Monday, May 29 | Memorial Day | Closed | Closed | Closed |
| Monday, June 19 | Juneteenth National Independence Day | Closed | Closed | Closed |
| Monday, July 3 | Monday Before Independence Day | Early close (1 p.m.) | Early close (1 p.m.) | Early close (2 p.m.) |
| Tuesday, July 4 | Independence Day | Closed | Closed | Closed |
| Monday, September 4 | Labor Day | Closed | Closed | Closed |
| Monday, October 9 | Columbus Day | Open | Open | Closed |
| Friday, November 10 | Veterans Day (Observed) | Open | Open | Open |
| Thursday, November 23 | Thanksgiving Day | Closed | Closed | Closed |
| Friday, November 24 | Day After Thanksgiving | Early close (1 p.m.) | Early close (1 p.m.) | Early close (2 p.m.) |
| Monday, December 25 | Christmas Day | Closed | Closed | Closed |
* This is the recommended bond market holiday schedule from the Securities Industry and Financial Markets Association (SIFMA). This schedule is subject to change.
