Are banks open on New Year’s Eve & Day? How. about the Stock Market? Here’s what you need to know.
Getty The countdown is on to 2022, as Americans await the Times Square ball dropping in New York City. As a federal holiday, many businesses are closed on New Year’s Day, but can the same be said for New Year’s Eve? How do the holidays affect banks and the stock market? Here is what you need to know: Banks typically open throughout the week between 8 and 9 a.m. and close between 4 and 6 p.m., according to Policygenius. However, federal holidays often disrupt that schedule. According to Insider, most financial institutions across the country follow t he Federal Reserve System’s schedule of observed holidays. The publication noted that since New Year’s Eve is not a federal holiday, most banks will be open on December 31,2021. New Year’s Day, however, is featured on the observed holidays, as are Veterans Day, the Birthday of Martin Luther King, Jr.
