Is the New York Stock Exchange, NASDAQ Open For New Year's Eve, New Year's Day?

wall street stock exchange building
Wall Street and the New York Stock Exchange (NYSE) on December 19, in New York City. The NYSE will be closed on New Year's Day. Spencer Platt/Getty Images

Anyone looking to make some trades or buy stocks in the new year will have to wait until January 2 to do so. That's because the New York Stock Exchange will be closed on New Year's Day and there will be no trading being done on the floor.

The NYSE will, however, be open on New Year's Eve Day. Trades initiated then will likely go through unless they're made late in the afternoon, in which case those trades won't go through until Wednesday.

A full list of the holidays the NYSE observes and the trading hours is available on the NYSE website. The NYSE has shortened hours on Christmas Eve and on the night before the Fourth of July and the Friday after Thanksgiving. But there are no shortened hours on New Year's Eve Day, the day before New Year's Day.

The exchange was closed on Christmas Day and before that it was closed for the national day of mourning for the late President George H. W Bush. There are set holidays during which the exchange is closed on but there are exceptions, like the passing of a president, that can also close the market.

The NASDAQ is also closed on New Year's Day but will be open on New Year's Eve Day. The full list of those holidays are also available online with the next one scheduled for Martin Luther King Jr. Day in January.

In addition to the stock exchange and the NASDAQ being closed for New Year's Day, a number of federal offices and services like the post office and the USPS along with other federal offices will be closed. Many of the national parks around the country were already closed due to the partial government shutdown but traditionally many of them close for the new year holiday as well.

New Year's Day was officially made a national holiday in 1870. Back then the only people who had work off but were paid anyway were federal employees in Washington D.C. New Year's Day was one of the first four holidays, along with Independence Day, Christmas Day and Thanksgiving, established under the law.

It wasn't until 10 years later that another holiday, George Washington's birthday, was added as a holiday and five years after that when the paid time off was extended to even more federal employees.​