Why Is The Stock Market Open On Veterans Day

So, you're wondering why the stock market's open on Veterans Day, right? I mean, it's a national holiday, we're supposed to be honoring our vets, not trading stocks! Well, grab a coffee, 'cause we're diving into this quirky little mystery.

First things first, let's talk history.

The stock market's been around since the 1700s, and back then, it was all about the Dutch East India Company. These guys were the original stock market rockstars, trading shares in their company way before Wall Street was even a thing. But here's where it gets interesting: their market was open every day, even on holidays. Yep, even Christmas!

Now, you might be thinking, "But what about Veterans Day?"

Well, that's a bit of a newer kid on the block. It started as Armistice Day in 1919, to honor the end of World War I. It wasn't until 1954 that it became Veterans Day, to honor all veterans. But by then, the stock market was already in its daily trading groove, even on holidays.

So, when the stock market was created, holidays weren't really a thing. It was all about the trade, all the time. And that's why, even today, the market's open on Veterans Day. It's like the stock market's version of the kid who never misses school, even on snow days!

But wait, there's more!

Now, you might be wondering, "What about other holidays? Is the stock market open on all of them?" Well, almost. The market's closed on New Year's Day, Independence Day, Thanksgiving, and Christmas. But get this, it's only closed half a day on Christmas Eve and New Year's Eve. Talk about a part-timer!

Is the stock market open on Veterans Day 2020? - YouTube

So, why not close on Veterans Day too?

Well, it's all about tradition. The stock market's been open on Veterans Day for so long, it's just become the norm. Plus, closing the market for a holiday can cause some serious disruptions. Imagine all those trades piling up, waiting to happen! It'd be like trying to cram a week's worth of laundry into one day. Not pretty.

But here's where it gets interesting: the New York Stock Exchange (NYSE) does have a special tradition on Veterans Day. They hold a wreath-laying ceremony to honor veterans. So, while the market's open for business, it's also taking a moment to say 'thank you' to those who served.

Is the Stock Market Open on Veterans Day? Hours & Closures

Now, let's talk about the rest of the world.

You might think the U.S. is the only country with a stock market that's open on holidays. But no, we're not alone. The Tokyo Stock Exchange is open on most Japanese national holidays. And the London Stock Exchange? Yep, they're open on Boxing Day. Talk about a workaholic!

So, next time you're wondering why the stock market's open on Veterans Day, just remember: it's all about tradition. And hey, at least we get a day off, right? Now, who's ready to go celebrate our vets?