NYSE and Nasdaq 2027 Holiday Schedule: 10 Full Closures, and Only One Early Close (November 26)

The schedule of trading hours and market closures for the calendar year 2027 has been formally established and published by the major equity exchanges in the United States, including the New York Stock Exchange (NYSE), NYSE American, NYSE Arca, NYSE Chicago, NYSE National, and the Nasdaq Stock Market. Core trading across these exchanges routinely operates from 9:30 a.m. to 4:00 p.m. Eastern Time (ET) on standard business days. However, operating calendars are adjusted annually to account for national holidays, religious observances, and customary partial-day trading sessions.^[1][2]

For 2027, the published schedule confirms that equity markets will observe a total of ten full-day market closures and three scheduled early-close trading days. These operational calendars are synchronized across equity exchanges under uniform market rules governed by FINRA regulatory standards and SEC oversight. In addition to primary equity exchanges, derivative venues such as the Cboe Options Exchange and options markets operated by Nasdaq and Intercontinental Exchange align their primary equity options sessions with these core equity trading hours.^[1][2]

Market participants, institutional traders, and clearing firms utilize these published exchange schedules to manage order routing, clearing settlements, and liquidity arrangements. On early-close trading dates, equity trading halts at 1:00 p.m. ET (10:00 a.m. Pacific Time), with modified deadlines for Crossing Sessions, Market-on-Close (MOC) order submissions, and Limit-on-Close (LOC) order cancellations.^[1][2][3]

The ten full-day market closures scheduled for 2027 begin on Friday, January 1, 2027, in observance of New Year's Day. The second full closure occurs on Monday, January 18, 2027, for Martin Luther King, Jr. Day, followed by Monday, February 15, 2027, in recognition of Washington's Birthday, commonly referred to as Presidents' Day. These early Q1 holiday dates follow standard federal calendar designations.^[1][2]

In the spring, the exchanges observe Good Friday as a full-day market closure on Friday, March 26, 2027. Although Good Friday is not designated as a federal holiday by the United States government, it remains an established traditional holiday across U.S. financial markets, during which equity and options exchanges remain completely closed for the entire trading day.^[1][2][3]

During the summer and autumn months, full closures are designated for Memorial Day on Monday, May 31, 2027; Juneteenth National Independence Day (Observed) on Friday, June 18, 2027; Independence Day (Observed) on Monday, July 5, 2027; and Labor Day on Monday, September 6, 2027. The year concludes with full closures on Thursday, November 25, 2027, for Thanksgiving Day, and Friday, December 24, 2027, for Christmas Day (Observed).^[1][2]

In addition to full-day closures, the exchanges have designated three partial-day trading sessions during 2027. On these specific dates, core trading on the NYSE and Nasdaq will open at the customary time of 9:30 a.m. ET but will terminate early at 1:00 p.m. ET. Extended trading sessions, pre-market activities, and post-market crossing facilities operate under compressed timeframes during these modified operational days.^[1][2]

The first early close of 2027 occurs on Friday, November 26, 2027, the final trading day preceding the observed Independence Day holiday weekend. The second early close takes place on Friday, November 26, 2027, colloquially known as Black Friday, following Thanksgiving Day. The third early close is scheduled for Friday, November 26, 2027, immediately preceding the observed Christmas holiday closure on Friday, December 24, 2027.^[1][2][3]

Trading logistics are strictly regulated on early-close days. For instance, NYSE Market-on-Close (MOC) and Limit-on-Close (LOC) order entry cutoffs shift from the standard 3:50 p.m. ET time to 12:50 p.m. ET. System operators and institutional algorithms adjust algorithmic execution parameters accordingly to ensure orderly liquidity aggregation prior to the 1:00 p.m. ET bell.^[1][2]

The operational structure of the 2027 holiday schedule is governed by longstanding institutional guidelines, including NYSE Rule 7.2 and corresponding Nasdaq General 3 rules. Under exchange operational policies, when a fixed-date national holiday falls on a Sunday, the exchanges automatically observe the holiday on the following Monday, resulting in a full market closure on that Monday.^[1][2]

This rule applies directly to Independence Day in 2027. Because July 4, 2027, falls on a Sunday, the market holiday is observed on Monday, July 5, 2027. Conversely, when a fixed-date holiday falls on a Saturday, exchange rules specify that the holiday is observed on the preceding Friday, unless unusual or extreme financial market conditions warrant an exception.^[1][2]

In 2027, two fixed-date holidays fall on Saturdays: Juneteenth National Independence Day (June 19, 2027) and Christmas Day (December 25, 2027). Consequently, the exchanges observe Juneteenth on Friday, June 18, 2027, and Christmas Day on Friday, December 24, 2027. These policies ensure that market participants receive ten standardized full holiday closures per calendar year.^[1][2][3]

As of September 23, 2026, certain future trading condition parameters and non-equity market operational schedules remain unconfirmed. Specifically, emergency exchange closures due to severe weather events, unforeseen technical failures, geopolitical disruptions, or national days of mourning (such as presidential funerals) cannot be predicted or established in advance.^[1][2]

Furthermore, while SIFMA publishes fixed-income market holiday recommendations, exact venue-by-venue bond market closing times for specialized over-the-counter (OTC) fixed-income platforms on half-days in 2027 are subject to independent vendor confirmation. Additionally, specific extended-hours clearing deadlines for international cross-border settlement links on early-close days remain subject to localized clearinghouse operational notices.^[3]