Are banks, USPS and stock markets open on Columbus Day?
Summary
Columbus Day is a federal holiday observed on the second Monday of October, so government offices are closed. However, the stock market stays open, the postal service does not deliver mail, and bank hours vary depending on the institution.Key Facts
- Columbus Day is a federal holiday on the second Monday in October.
- Federal government offices are closed on Columbus Day.
- The New York Stock Exchange and Nasdaq remain open during normal hours.
- The U.S. Postal Service closes all offices and does not deliver mail on this day.
- Some banks, like Wells Fargo and Bank of America, close for the holiday.
- JPMorgan Chase branches are open but restrict online transactions on Columbus Day.
- Retailers such as Costco and Walmart operate on regular schedules on Columbus Day.
- The holiday is increasingly recognized as Indigenous Peoples Day in many places.
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