Is the stock market open on Lunar New Year’s Day? Does the post office deliver mail?
happy new year!
Keep in mind that many offices and services will be closed during the recovery from the ringer on Monday, January 1, 2024, including the U.S. financial markets.
So if you’re wondering what’s open and what’s closed on New Year’s Day, here’s a rundown of what you can expect.
Is the stock market open on Lunar New Year’s Day?
The U.S. stock exchange and most financial markets around the world are closed Monday for the Lunar New Year holiday. Moreover, bond traders jumped into the New Year festivities. Industry group Sifma recommended that US bond markets close an hour early on Friday at 2pm ET.
Investors begin 2024 with a full trading session on Tuesday. Bulls will attempt to build on Wall Street’s positive end-2023 momentum. The Dow Jones Industrial Average DJIA recorded seven record closes in December, including on Thursday, December 28, while the S&P 500 SPX closed 0.3% below its record close of 4,796.56 on January 3. We have entered the last session of the year at this level. 2022. The S&P 500 surged more than 24% in 2023, rebounding from a rout in 2022 triggered by the Fed’s aggressive campaign to raise interest rates, sending bond yields soaring.
Will USPS, FedEx, and UPS still deliver?
The U.S. Postal Service does not deliver mail, and local post offices are closed on New Year’s Day. However, Priority Express Mail will still ship.
fedex FDX,
We do not provide any services except for Custom Critical shipping. Likewise UPS UPS,
UPS Express Critical service is available, but does not deliver or pick up packages.
Is Costco open on Lunar New Year’s Day?
Some large retailers and grocery stores are closing, including Costco COST.
Sam’s Club WMT,
Trader Joe’s and Aldi. Other major retailers are generally open, but hours may be limited.
Are banks closed on New Year’s Day?
Although most banks are physically closed, you can always visit an ATM or use your banking app to access a variety of services.
Which government offices are open on Lunar New Year?
All non-essential federal offices are closed, and the same generally applies to state offices. Government-run national parks are also generally closed.
school
Public and private schools generally do not open on January 1st. Because holidays are part of the long winter vacation.
