Is Stock Market Closed Thanksgiving: Holiday Trading Hours Explained

Wondering is stock market closed Thanksgiving? For both traditional and crypto investors, understanding holiday trading schedules is crucial for planning trades and managing risk. This article clarifies the official status of U.S. stock markets on Thanksgiving, highlights key facts for 2024, and offers actionable insights for digital asset traders.

Thanksgiving Stock Market Schedule: What You Need to Know

As of June 2024, according to the New York Stock Exchange (NYSE) and Nasdaq official calendars, the U.S. stock market is closed on Thanksgiving Day, which falls on the fourth Thursday of November each year. In 2024, Thanksgiving is observed on November 28. Both the NYSE and Nasdaq will not conduct trading on this day (Source: NYSE Holiday Calendar, 2024).

• Full closure: No trading sessions are held on Thanksgiving Day.
• Early close: Markets typically close early (1:00 p.m. ET) on the following Friday, known as Black Friday.
• Crypto markets: Unlike traditional exchanges, crypto trading platforms such as Bitget remain open 24/7, including holidays.

Why Do Markets Close on Thanksgiving?

The closure of U.S. stock markets on Thanksgiving is rooted in federal holiday observance and industry tradition. This break allows market participants—including brokers, clearinghouses, and regulators—to observe the holiday and maintain operational consistency. According to the Securities Industry and Financial Markets Association (SIFMA), these closures are standardized to ensure transparency and fairness for all investors.

For digital asset traders, this means reduced liquidity in traditional markets, but continuous access to crypto trading. Bitget users can take advantage of uninterrupted trading, even when stocks are paused.

Impact on Trading Volume and Market Activity

Historically, the days surrounding Thanksgiving see a notable dip in trading volume on U.S. stock exchanges. For example, as reported on November 24, 2023, by Reuters, NYSE daily trading volume dropped by over 30% compared to the monthly average during the Thanksgiving holiday week.

Key points for traders:

• Lower liquidity: Wider bid-ask spreads and less price movement are common in stocks during holiday periods.
• Crypto resilience: On Bitget, trading volume may remain steady or even increase as traders shift focus from stocks to digital assets.
• Market news: Major announcements are rarely scheduled for Thanksgiving, reducing the risk of sudden volatility in traditional assets.

Tips for Crypto Traders During Stock Market Closures

With the answer to is stock market closed Thanksgiving confirmed, here are practical strategies for Bitget users:

• Monitor liquidity: Be aware that some crypto pairs may experience lower activity as global traders observe the U.S. holiday.
• Stay informed: Use Bitget’s market analysis tools to track real-time price changes and avoid unexpected moves.
• Plan ahead: If you also trade stocks, adjust your portfolio before the holiday to avoid being locked out of positions.
• Explore Bitget Wallet: Secure your digital assets and manage your portfolio seamlessly, even when traditional markets are closed.

Common Misconceptions About Holiday Trading

Some new traders believe that all financial markets close on U.S. holidays. In reality, while the NYSE and Nasdaq are closed on Thanksgiving, crypto exchanges like Bitget operate without interruption. This 24/7 access is a key advantage for digital asset investors, allowing for continuous trading and portfolio management.

Another misconception is that holiday closures always lead to price surges or crashes. In practice, reduced volume can mean less volatility, but it’s essential to use risk controls and stay updated with Bitget’s latest market insights.

Stay Ahead with Bitget During Holiday Closures

Understanding is stock market closed Thanksgiving helps you plan your trading calendar and seize opportunities in the crypto market. Bitget’s always-on platform ensures you never miss a beat, even when traditional exchanges take a break. For the latest updates, market data, and secure trading, explore Bitget’s full suite of tools and resources.

Ready to optimize your trading strategy during market holidays? Discover more with Bitget and stay informed year-round.