Are banks, USPS and stock markets open on Columbus Day?
The stock market is open on Columbus Day, but banking, mail and some other services will be closed for the holiday.
Columbus Day, also recognized as Indigenous Peoples Day, may serve as an official federal holiday in the United States, but its observance varies across different states. Falling on the second Monday of October, the holiday generates a three-day weekend for workers whose employers acknowledge it, including federal employees and some state workers, according to the Pew Research Center. However, the holiday's recognition has been shifting away from Christopher Columbus towards honoring North America's original inhabitants.
Since October 12, 2023, is a federal holiday, various services and businesses will be closed. Here's what to expect on Columbus Day/Indigenous Peoples Day.
Is today a federal holiday? Yes, Monday, October 12, 2023, is a federal holiday, which means U.S. government offices will be closed, and federal workers have the day off.
Is the stock market open on Columbus Day? Yes, both the New York Stock Exchange and the Nasdaq market are open on Columbus Day, functioning on their regular working hours from 9:30 a.m. to 4 p.m. Eastern Time.
Is mail delivered on Columbus Day? No, the United States Postal Service observes Columbus Day as a holiday, leading to no regular residential or business mail delivery. Consequently, all USPS offices will be closed on this day.
Are banks open on Columbus Day? It is advisable to check with your bank, as some may remain open while others observe the holiday. JPMorgan Chase, for instance, will have its branches open on October 12, but they will treat the day as a holiday for online transactions. This implies customers cannot schedule transactions to occur on Columbus Day, and repeating transactions will be processed on the preceding business day. However, numerous other banks, including Wells Fargo and Bank of America, are closed on Columbus Day.
Is Costco open on Columbus Day? Yes, Costco remains open for business today, as the discount chain does not observe Columbus Day among its seven holidays.
Is Walmart open today? Walmart also stays open on Columbus Day, with its stores operating during regular hours, as per the retailer's website.
Written by urgent.news from CBS News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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