Wall Street keeps the lights on while much of the country takes the day off. The New York Stock Exchange and the Nasdaq Stock Market will both operate on their regular schedules on Monday, Oct. 12, with trading running from 9:30 a.m. to 4 p.m. Eastern time. As always, both exchanges are closed on weekends.

The federal holiday also carries a political backdrop. President Trump wished Americans and Italian Americans a happy Columbus Day, and according to a post from the commentary account Trump Daily Posts on X, he issued an executive order protecting Columbus Day as a national holiday rather than adopting alternative designations.

JUST IN: President Trump wishes Americans and Italian Americans a happy Columbus Day. Trump issued an executive order protecting Columbus Day as a national holiday over calling anything else like “indigenous people’s day” or something like that. pic.twitter.com/kbVa1NTQ1u

— Commentary Trump Daily Posts (@TrumpDailyPosts) October 11, 2026

While equities trade, the fixed-income side of the market pauses. Bond markets and over-the-counter operations are closed for the holiday. The Securities Industry and Financial Markets Association, which sets the bond market schedule, observes the closure for Columbus Day — a holiday it calls Indigenous Peoples Day.

That split matters for timing: an open stock exchange does not mean every related market or bank service is operating. Some transfers, collateral transactions, and margin payments may therefore wait until the next day even while stock orders can be executed during regular exchange hours.

How Other Markets and Services Are Running

Futures markets stay open with limits. The Chicago Mercantile Exchange and Intercontinental Exchange (ICE) will be open on a restricted basis, and CME will calculate and share settlement prices. Because banks are closed, the exchange cannot process some cash transfers, collateral transactions, or margin payments until the next day. ICE futures trading will be mostly open, though canola contracts will be closed.

Abroad, most major foreign stock exchanges are open, including those in Shanghai, Hong Kong, Paris, and London. The Toronto Stock Exchange is closed for Canadian Thanksgiving.

Banking services largely pause because most banks follow the Federal Reserve’s holiday schedule. Chase will keep branches open, but online transactions will process the next day. TD Bank said its locations will be open.

Postal and parcel services diverge. All U.S. Postal Service offices are closed, while UPS and FedEx will still deliver, though some FedEx services will run on a modified schedule.

Market Backdrop and October History

Stocks have lost some momentum in recent weeks. Investors are weighing concerns about high artificial intelligence valuations and rising borrowing costs, and long-term bond yields have reached their highest levels in more than a decade.

October has been unpredictable for stocks over the past 10 years, with sharp selloffs sometimes followed by large rallies. The idea of an “October effect” — a belief that stocks do poorly in the month — has little historical support.

According to Dow Jones Market Data, the S&P 500 and the Dow Jones Industrial Average have averaged October gains of 1.2% and 1.5%, respectively, over the past decade. Each index finished the month higher five times in that span. In 2018, the S&P 500 fell 6.9% and the Dow dropped 5%. In 2022, the indexes rose 7.9% and 14%, respectively. Last year, the S&P 500 gained 2.2% and the Dow added 2.5%.

The Rest of the 2026 Holiday Calendar

The stock market will observe 10 holidays in 2026, including two early closings. The next full closing is Thanksgiving Day on Thursday, Nov. 26, followed by an early close at 1 p.m. Eastern on Friday, Nov. 27.

Unlike stocks and bonds, the crypto market has no holiday schedule. Cryptocurrency trades through a decentralized network of computers, meaning it can be traded 24 hours a day, every day of the year — Columbus Day included.

This article originally appeared on CoinCentral.