a happy new year!
As you recover to ring in 2024 on Monday, January 1, keep in mind that many offices and services will be closed – including the US financial markets.
So, if you're wondering what's open and what's closed for New Year's Day, here's a summary of what you can expect.
Is the stock market open on New Year's Day?
US stock exchanges and other financial markets in most parts of the world will be closed on Monday for the New Year holiday. Furthermore, fixed income traders are getting a jump on the New Year celebrations, with industry group SIFMA recommending US bond markets close an hour earlier on Friday at 2pm ET.
Investors will begin 2024 on Tuesday with full trading sessions. Bulls will try to build on the positive momentum on Wall Street at the end of 2023. The Dow Jones Industrial Average posted seven record closes in December, including on Thursday, December 28, while the S&P 500 SPX entered the final session of the year with a difference of just 0.3% from its close. The record of 4796.56 set on January 3. 2022. The S&P 500 rose more than 24% in 2023, rebounding from the 2022 rout triggered when the Federal Reserve's aggressive rate-hiking campaign sent bond yields soaring.
Will USPS, FedEx, and UPS still deliver?
The United States Postal Service will not deliver mail, and local post offices will be closed on New Year's Day. However, Priority Express Mail will be delivered.
fedex FDX,
The service will not be provided, except for designated critical deliveries. Likewise, UPS UPS,
You will not deliver or pick up packages, although UPS Express Critical service is available.
Is Costco open on New Year's Day?
A select number of large retailers and grocery stores, including Costco COST, are closed.
Sam's Club WMT,
Trader Joe's and Aldi. Other major retailers are generally open, but may have limited hours.
Will banks be closed on New Year's Eve?
Most banks will already be closed, but you can always visit an ATM or use your bank's app for many services.
What government offices are open on New Year's Day?
All non-essential federal offices are closed, and the same is generally true of state government offices. Government-run national parks are usually closed.
Schools
Public and private schools do not typically open on January 1, because the holiday is part of the longer winter break.
