Quick answer: The U.S. stock market is closed on Memorial Day, Monday, May 25, 2026. Both the NYSE and Nasdaq are shut for the full day and reopen on Tuesday, May 26 at 9:30 a.m. ET. The U.S. bond market also closes for the holiday, and follows a recommended 2:00 p.m. ET early close on the prior Friday, May 22. Crypto markets stay open 24/7.
Last updated: May 19, 2026, 8:00 a.m. ET
Memorial Day 2026: Full Market Schedule
Most articles only cover stocks. This one covers every market a retail or active trader actually touches around the long weekend.
| Market | Friday, May 22 | Monday, May 25 (Memorial Day) | Tuesday, May 26 |
|---|---|---|---|
| NYSE (Stocks) | Open 9:30 a.m. – 4:00 p.m. ET | CLOSED | Open 9:30 a.m. – 4:00 p.m. ET |
| Nasdaq (Stocks) | Open 9:30 a.m. – 4:00 p.m. ET | CLOSED | Open 9:30 a.m. – 4:00 p.m. ET |
| U.S. Bond Market (SIFMA) | Early close 2:00 p.m. ET | CLOSED | Open 8:00 a.m. – 5:00 p.m. ET |
| U.S. Options (Cboe / OCC) | Open with equities | CLOSED | Open with equities |
| CME Equity Index Futures | Regular hours | Closed (U.S. holiday session) | Regular hours |
| FX Spot Market | Open 24h | Thin liquidity, U.S. desks closed | Open 24h |
| Crypto Spot & Derivatives | Open 24/7 | Open 24/7 | Open 24/7 |
| U.S. Banks (Fed Calendar) | Open | Closed | Open |
Sources: NYSE Holidays & Trading Hours, Nasdaq U.S. Holiday Schedule, SIFMA Holiday Recommendations, CME Group Holiday Hours, Federal Reserve System holiday schedule.
Why Memorial Day Closes the Market
Memorial Day is a U.S. federal holiday observed on the last Monday of May. The NYSE and Nasdaq follow the same 10-holiday calendar each year, and Memorial Day is on the list. Listed equities, ETFs, and U.S.-listed options do not trade on these days.
The closure is set by the exchanges themselves, not the Federal Reserve. The bond market follows a separate recommendation issued by the Securities Industry and Financial Markets Association (SIFMA). That is why the bond market also closes early at 2:00 p.m. ET on the Friday before Memorial Day, while stock markets stay open for the regular session.
What’s Still Trading: The Liquidity Map
Even with U.S. exchanges closed, parts of the financial system stay active. Knowing what is open is the difference between getting caught off-guard on Tuesday’s open and being informed.
- Crypto markets run continuously. Bitcoin, Ethereum, and altcoins trade on decentralized networks without holiday breaks. Major centralized exchanges (Coinbase, Binance, Kraken) remain available.
- Foreign exchange (FX) operates 24/5. The U.S. dollar can still move on overseas news during the long weekend through Asian and European sessions.
- International equity exchanges follow their own calendars. London (LSE), Tokyo (TSE), Hong Kong (HKEX), Frankfurt (FSE), and most major non-U.S. markets are open on May 25, 2026.
- U.S. equity index futures observe the U.S. holiday close and have limited or no Globex trading during the U.S. holiday session.
- Commodities (oil, gold) trade overnight on Globex with U.S. holiday breaks for floor and pit sessions; CME spot products follow modified hours.
The practical effect: when U.S. equities reopen Tuesday May 26 at 9:30 a.m. ET, prices can gap up or down to adjust for moves that occurred in crypto, FX, overseas equities, or geopolitical headlines during the three-day weekend.
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All 2026 U.S. Stock Market Holidays
For context, here is the full NYSE and Nasdaq 2026 holiday schedule. Both exchanges follow identical dates.
| Holiday | Date 2026 | Status |
|---|---|---|
| New Year’s Day | Thursday, Jan 1 | Closed |
| Martin Luther King Jr. Day | Monday, Jan 19 | Closed |
| Washington’s Birthday (Presidents’ Day) | Monday, Feb 16 | Closed |
| Good Friday | Friday, Apr 3 | Closed |
| Memorial Day | Monday, May 25 | Closed |
| Juneteenth | Friday, Jun 19 | Closed |
| Independence Day (observed) | Friday, Jul 3 | Closed |
| Labor Day | Monday, Sep 7 | Closed |
| Thanksgiving Day | Thursday, Nov 26 | Closed |
| Day after Thanksgiving | Friday, Nov 27 | Early close 1:00 p.m. ET |
| Christmas Eve | Thursday, Dec 24 | Early close 1:00 p.m. ET |
| Christmas Day | Friday, Dec 25 | Closed |
One unusual note for 2026: Independence Day (July 4) falls on a Saturday, so the NYSE and Nasdaq observe the holiday on Friday, July 3. The bond market closes early at 2:00 p.m. ET on Thursday, July 2 (per SIFMA), and is fully closed on Friday, July 3.
Bond Market Early Close: Friday, May 22
SIFMA recommends a 2:00 p.m. ET early close for U.S. fixed-income markets on the trading day before Memorial Day. For 2026 this means Friday, May 22. Stock markets do not observe this early close — they trade their regular 9:30 a.m. to 4:00 p.m. session.
Why this matters in practice:
- Treasury auctions and corporate bond settlement schedules shift around the early close.
- Treasury and credit market liquidity thins meaningfully through Friday afternoon.
- Money market funds, repo desks, and short-duration products plan around the early close.
- Equity traders sometimes see late-Friday moves in rate-sensitive sectors (banks, REITs, utilities) as bond desks wind down before 2:00 p.m. ET.
Three-Day Weekend Trading Risks
Memorial Day creates a three-day market closure (Saturday, Sunday, Monday). For investors and active traders, that means:
Headline risk. Three days of geopolitical, corporate, or macro news can accumulate before stocks reopen Tuesday. If meaningful events occur — central bank speeches, geopolitical escalation, surprise corporate announcements — prices can gap on Tuesday’s open.
Pre-holiday liquidity thinning. Volume typically thins on the Friday afternoon before a long weekend. Lower liquidity can amplify intraday moves and widen bid-ask spreads.
Crypto and FX exposure. Because crypto trades 24/7 and FX is open 24/5, any large move over the weekend will be visible on Tuesday morning, sometimes influencing equity sentiment at the open. This is particularly relevant for crypto-correlated stocks like miners, exchanges, and treasury companies.
Earnings windows. Companies generally avoid reporting earnings on or around major U.S. holidays. Confirm any individual ticker’s reporting schedule on its investor relations page or the SEC’s EDGAR system.
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Frequently Asked Questions
Is the stock market open on Memorial Day 2026?
No. The NYSE and Nasdaq are both fully closed on Monday, May 25, 2026. Trading resumes Tuesday, May 26 at 9:30 a.m. ET.
Is the bond market open on Memorial Day?
No. The U.S. bond market follows SIFMA’s holiday recommendation and is closed. It also closes early at 2:00 p.m. ET on the prior Friday, May 22.
Can I trade crypto on Memorial Day?
Yes. Cryptocurrency markets run continuously and do not observe U.S. holidays. Bitcoin, Ethereum, and other tokens trade 24/7/365.
What about premarket and after-hours trading on Memorial Day?
No. When the NYSE and Nasdaq are fully closed for a holiday, the regular extended-hours sessions (premarket 4:00–9:30 a.m. ET, after-hours 4:00–8:00 p.m. ET) do not run on those exchanges.
Are international markets open on Memorial Day?
Most are. London, Tokyo, Hong Kong, Frankfurt, and other major non-U.S. exchanges follow their own holiday calendars and are open on May 25, 2026. ADR prices of foreign companies will not update on U.S. exchanges, but the underlying foreign shares may move.
When does the market reopen?
Tuesday, May 26, 2026 at 9:30 a.m. ET for the NYSE and Nasdaq.
Sources
- NYSE — Holidays & Trading Hours: nyse.com/trade/hours-calendars
- Nasdaq — U.S. Stock Market Holiday Schedule: nasdaqtrader.com
- SIFMA — Holiday Schedule: sifma.org
- CME Group — Holiday and Trading Hours: cmegroup.com
- Federal Reserve — Bank Holiday Schedule: federalreserve.gov
Editorial note: This article is for informational and educational purposes only. It is not investment advice, financial advice, or a recommendation to buy, sell, or hold any security, cryptocurrency, or financial product. Market schedules occasionally change; verify current exchange calendars with the NYSE, Nasdaq, or your broker before placing time-sensitive trades.
Written by Aybars Y. · Reviewed by EskiSignal Editorial · Last updated: May 19, 2026
