U.S. Stock Markets Remain Open on Columbus Day; Bond Market Closed

What's Happening?

On Monday, October 13, 2025, the United States will observe both Columbus Day and Indigenous Peoples' Day. Despite these holidays, U.S. stock markets will remain open, while the bond market will be closed, as confirmed by the Securities Industry and Financial Markets Association. Columbus Day, a federal holiday since 1892, is celebrated with parades highlighting Italian-American heritage. Indigenous Peoples' Day, recognized in some cities and states, was first proclaimed by former President Joe Biden in 2021. Most federal and state government offices, including courts, will be closed, affecting public services like trash collection. Banks such as Capital One, Bank of America, and Wells Fargo will also close, although Capital One Cafes will remain open. Shipping services like UPS and FedEx will operate normally, and most grocery stores, restaurants, and retail stores are expected to maintain regular hours.

Why It's Important?

The decision to keep U.S. stock markets open on Columbus Day reflects the prioritization of economic activity over holiday observance. This move ensures continuity in trading and investment activities, which is crucial for financial markets and investors. The closure of the bond market, however, indicates a partial observance of the holiday, affecting bond traders and investors. The dual celebration of Columbus Day and Indigenous Peoples' Day highlights ongoing cultural and historical discussions in the U.S., with implications for public policy and societal recognition of diverse histories. Businesses and consumers benefit from the availability of shipping services and retail operations, maintaining economic flow and consumer convenience.

What's Next?

As the U.S. continues to navigate the cultural significance of Columbus Day and Indigenous Peoples' Day, discussions around federal recognition of Indigenous Peoples' Day may gain momentum. Stakeholders, including political leaders and advocacy groups, may push for broader acknowledgment and policy changes. The stock market will continue regular operations until the next closure on Thanksgiving, November 27, 2025. Businesses and consumers should prepare for potential changes in public service availability due to holiday observances.

Beyond the Headlines

The observance of both Columbus Day and Indigenous Peoples' Day on the same date underscores the complex historical narratives in the U.S. and the evolving recognition of Indigenous histories. This dual celebration may influence cultural and educational initiatives aimed at fostering understanding and reconciliation. The economic implications of holiday observance, such as market operations and public service closures, reflect broader societal priorities and the balance between cultural recognition and economic activity.