Market traders and investors are waiting to find out whether the stock exchanges will remain open on Columbus Day 2023. Despite being a federal holiday, Columbus Day has no effect on the stock market’s business hours. Monday’s regular trading hours for the New York Stock Exchange and Nasdaq Stock Exchange are 9:30 a.m. to 4:00 p.m. Eastern Time. The US stock market will not be closed and will remain open on Monday, October 9, 2023.

However, the Federal Reserve and many institutions will be closed in observance of the Columbus Day 2023 holiday, therefore, the bond market will be closed.

Oil prices surged by 5% following Hamas’ unexpected attack on Israel over the weekend, but investors need to avoid knee-jerk reactions, warns Nigel Green, CEO, deVere Group, one of the world’s largest independent financial advisory, asset management and fintech organizations. The news that the Palestinian Islamist organization Hamas launched the deadliest military assault on Israel in decades on Saturday is being processed by investors around the world. The attack resulted in the death of hundreds of Israelis and a wave of Israeli airstrikes on the Gaza Strip in retaliation.

International stock exchanges including the London Stock Exchange and the Shanghai Stock Exchange will also remain open on Columbus Day. However, the second Monday in October is Canada’s Thanksgiving holiday, hence the Toronto Stock Exchange will be closed today. Morning trade in Hong Kong was suspended due to a typhoon, while markets in South Korea and Japan were shut for national holidays.

Stock market holidays are non-weekend working days when the two main U.S. stock exchanges, the New York Stock Exchange (NYSE) and the Nasdaq, are closed. In October, there are no scheduled holidays of the NYSE and Nasdaq and the trading will happen on all weekdays as usual. The next US stock market holiday falls on Thanksgiving Day, November 23, 2023.

Ten US stock market holidays and two half-day market holidays will be observed by Nasdaq in 2023. There are several US stock market holidays, including Martin Luther King Jr. Day, Presidents Day, Good Friday, Memorial Day, Juneteenth, Independence Day, Labour Day, Thanksgiving (with an early closure at 1 pm EST on the following day, also known as Black Friday), and Christmas Day.

Christopher Columbus’ arrival in the “New World” in 1492 is remembered as Columbus Day, which became a federal holiday in 1937. On this day, several people also honor their Italian-American roots.

Inflation remains the focal point for investors globally. On Wednesday, the Bureau of Labor Statistics is expected to publish the Producer Price Index data. FactSet’s survey of economists predicts that producer prices will have increased by 0.3% from the previous month in September, which is less than the 0.7% increase seen in August.

On Thursday, the bureau will also present the reading for September’s US CPI. The CPI is forecast to have increased by 0.3% from the previous month, which would be a decrease from August’s 0.6% increase, according to economists tracked by FactSet.