Jtaking place each year on the Friday before Easter Sunday, Good Friday will be celebrated on April 15, 2022. But how does Good Friday affect stock markets even though it is not a federal holiday?
Is the Stock Exchange open or closed on Good Friday?
Good Friday is a US stock market holiday, during which the US stock market, including the Nasdaq and the New York Stock Exchange (NYSE), is closed. This means that when the market closes this year at 4 p.m. EST on April 14, it won’t reopen until 9:30 a.m. EST on Monday, April 18. The full trading day off makes it easy for those celebrating to observe the holidays. Coincidentally, Good Friday this year also falls on the first evening of Passover.
Can you still trade stocks on Good Friday?
Stock markets closing on Good Friday means that there are no active trading hours on Good Friday.
Is Good Friday a federal holiday?
The US bond market will also be closed on Good Friday, along with currency and commodity markets. However, Good Friday is not a federal holiday in the United States, which means you should expect federal banking, post offices, government offices, and most commercial banks to remain open. However, some commercial banks may have modified hours, so be sure to check with your bank before going for services that day.
What is Good Friday?
Good Friday is a Christian holiday that commemorates the crucifixion and death of Jesus Christ, an extremely important figure in the Christian faith. It takes place during Holy Week, which begins with Palm Sunday and ends on Easter Sunday. As it falls on the Friday before Easter Sunday, its date changes every year. While Easter Sunday is usually a joyous and happy time of year for Christians and many non-Christians (who enjoy colorful decorations and sweet treats), Good Friday marks a much bleaker day of the year. .
Because Good Friday is a commemoration of the death of Jesus, which was seen as the ultimate sacrifice for the sins of mankind, many Christians use this day to reflect on their own sins and on Christ’s sacrifice for them. Many Christian denominations, including Catholics, Lutherans, Anglicans, Eastern Orthodox, Reformed Christians and Methodists, participate in this reflection and observe Good Friday by fasting and attending church services.
Good Friday is also known by several names, including Good Friday, Great Friday, and Black Friday. Unlike Easter and Christmas, Good Friday has never been secularized, as it is a solemn day for Christians around the world, as it has been since its conception.
Fun Fact: Good Friday
Good Friday is observed in several different ways depending on the denomination or country. Many Catholics, Lutherans, Anglicans and Methodists attend a three-hour service called the “Great Three-Hour Agony Service” on the day, taking place from noon to 3 p.m., which commemorates the time it took to darkness to cover Jesus on the day of his death, according to the Bible.
Roman Catholics observe Good Friday by praying the Stations of the Cross, silencing their church bells and leaving their altars bare in an effort to create a quiet, dark environment until it’s time to celebrate Easter. Likewise, Anglicans will take down the decorations from the church and keep it empty throughout the next day until Easter Sunday. Those of the Moravian Church traditionally clean gravestones in Moravian cemeteries.
Some predominantly Christian countries even have laws that prohibit certain “happy” events or acts. For example, Germany bans dancing and horse racing on Good Friday in an attempt to maintain a somber atmosphere on Good Friday.
Good Friday is all about praying with your heart for the good of all mankind and the upliftment of the poor
What holidays do stock markets close?
The next US stock market holiday will be Remembrance Daywhich will take place this year May 30, 2022. The US stock market celebrates nine holidays and an early close each year: Martin Luther King, Jr. Day, President’s Day, Good Friday, Memorial Day, Juneteenth, Independence Day, Labor Day, Thanksgiving (with an early close at 1 p.m. EST the next day, also known as Black Friday), and Christmas Day. To stay up to date with modified trading hours and to see a full list of holidays that markets will be closed, visit the 2022 Trading Holiday Calendar.
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