Published: November 26, 2025
As Americans get ready for Thanksgiving, a lot of investors are typing the same thing into Google: “Is the US stock market open tomorrow?” If you’re planning trades around the holiday, the answer for Thursday, November 27, 2025 (Thanksgiving Day) and Friday, November 28, 2025 (Black Friday) is crucial.
Here’s the short version:
- Today, Wednesday, November 26, 2025: US stock and bond markets are open on a normal schedule. [1]
- Tomorrow, Thursday, November 27, 2025 (Thanksgiving): US stock markets are closed (no regular trading on NYSE or Nasdaq). [2]
- Friday, November 28, 2025 (Black Friday): US stock markets are open, but close early at 1:00 p.m. Eastern Time (ET). [3]
Below is a detailed breakdown of the Thanksgiving 2025 trading schedule, plus a snapshot of what markets are doing today, November 26, 2025, so you can plan your trades and portfolio moves with confidence.
Quick Answer: US Stock Market Hours for Thanksgiving 2025
For NYSE and Nasdaq-listed stocks and ETFs:
- Wednesday, Nov. 26, 2025:
- Open as usual: 9:30 a.m. – 4:00 p.m. ET. [4]
- Thursday, Nov. 27, 2025 – Thanksgiving Day:
- Closed all day (no regular session). [5]
- Friday, Nov. 28, 2025 – Black Friday:
US bond market (Treasuries and many corporate bonds):
- Thursday, Nov. 27, 2025 – Thanksgiving: Closed. [8]
- Friday, Nov. 28, 2025 – Black Friday: Early close at 2:00 p.m. ET, under SIFMA’s recommended schedule for US fixed-income markets. [9]
Is the US Stock Market Open on Thanksgiving Day, Thursday, November 27, 2025?
No. The US stock market is closed on Thanksgiving Day 2025.
Both the New York Stock Exchange (NYSE) and Nasdaq U.S. equity markets list Thursday, November 27, 2025 as a full market holiday in observance of Thanksgiving Day. [10]
That means:
- No regular session trading in US-listed stocks and ETFs.
- No official NYSE or Nasdaq pre-market or after-hours sessions for listed stocks.
- US bond markets are also closed, in line with industry holiday recommendations. [11]
Some global markets and US futures and FX may still trade on different schedules through international exchanges and electronic platforms, but US stock exchanges themselves will not be open.
If you place an order on Thanksgiving via your broker, it will typically queue up for the next trading day, which is Friday, November 28, 2025.
What Time Does the Stock Market Open and Close on Black Friday, November 28, 2025?
Yes, the stock market is open on Black Friday — but for a shorter day.
Official schedules from NYSE, Nasdaq and related notices confirm that Friday, November 28, 2025 is an early-close trading day for US equities: [12]
Black Friday 2025 US Stock Market Hours (Equities)
- Opening time:
- Regular start at 9:30 a.m. Eastern Time (ET).
- Closing time (regular session):
- 1:00 p.m. ET for NYSE and Nasdaq-listed stocks.
- Options nuances:
- Certain NYSE options markets extend about 15 minutes past the stock close, to 1:15 p.m. ET, before shutting down. [13]
After 1:00 p.m. ET, most US equity trading is done for the day, though some brokers may offer limited access to alternative trading systems. For practical purposes, retail investors should assume that the “real” trading day ends at 1:00 p.m. ET.
Bond Market and Treasury Trading Hours Over Thanksgiving 2025
For US fixed-income markets, the industry body SIFMA (Securities Industry and Financial Markets Association) publishes widely followed holiday recommendations.
For Thanksgiving 2025, SIFMA recommends: [14]
- Thursday, Nov. 27, 2025 (Thanksgiving):
- US dollar-denominated bond markets closed – no regular trading in Treasuries or many corporate bonds.
- Friday, Nov. 28, 2025 (Black Friday):
- Early close at 2:00 p.m. ET instead of the usual later afternoon shutdown.
If you trade Treasuries, corporate bonds, or muni bonds directly, it’s important to understand that liquidity can be very thin on an early-close day like Black Friday, especially late in the session.
What’s Open Today? Wednesday, November 26, 2025
The question in the headline is about tomorrow and Friday, but you also mentioned that “the market is open now” — and that’s correct for today.
On Wednesday, November 26, 2025:
- US stock markets (NYSE, Nasdaq) are open on a normal schedule from 9:30 a.m. to 4:00 p.m. ET. [15]
- US bond markets are also open for regular trading. [16]
This is the last full trading day before the holiday.
Market Mood on November 26, 2025: Rally Into the Holiday
So what’s actually happening in the markets today, November 26, 2025?
Across multiple live coverage streams and morning notes, the picture is broadly positive:
- Major US indices are extending a winning streak.
Live blogs and pre-market reports show Dow, S&P 500 and Nasdaq futures modestly higher, building on a strong start to the holiday-shortened week. [17] - Investors are focused on interest-rate cuts.
The main narrative across Reuters, WSJ and other outlets is that optimism about a potential Federal Reserve rate cut in the coming months is supporting risk assets and pushing equities higher into Thanksgiving. [18]
Key Market Drivers Today
Several themes stand out in November 26 coverage:
- Fed expectations:
Traders are pricing in a higher probability of a 2026 rate cut path, boosting technology and growth stocks and helping the S&P 500 and Nasdaq extend a multi-day rally. [19] - Commodities and crypto:
- Gold continues its climb, with one morning roundup citing prices above $4,100 per ounce, as investors hedge against economic uncertainty. [20]
- Crude oil is slightly lower around the high‑$50s a barrel after recent gains. [21]
- Bitcoin is trading in the mid‑$80,000s, easing a bit after hitting higher levels earlier in the week. [22]
- Company stories in focus:
- Nvidia: Shares are under some pressure as reports suggest Meta may diversify its AI chips toward Google, prompting traders to reassess Nvidia’s dominance, even though the company continues to highlight its competitive edge. [23]
- HP Inc.: The PC and printer maker announced a restructuring plan with thousands of job cuts, aimed at saving around $1 billion, even as its latest quarterly results surprised to the upside. [24]
- Urban Outfitters: The retailer is a standout gainer with shares sharply higher after beating earnings expectations and noting strong early holiday season sales momentum. [25]
Overall, the tone heading into the holiday break is constructive, with global markets also supported by hopes of easier monetary policy next year. [26]
How Thanksgiving Week Hours Affect Your Trading
Holiday schedules aren’t just a calendar curiosity — they change how markets behave:
- Lower volume and sometimes choppy moves
Thanksgiving week is often marked by lighter trading volumes, especially on Black Friday’s half day, which can sometimes lead to sharper intraday moves in individual stocks despite an overall quiet feel. - Shortened window for intraday traders
On Friday, November 28, day traders and short-term scalpers effectively have 3.5 hours less of regular session to work with, compressing patterns that normally unfold over a full day. - Settlement timing under T+1
The US has moved to a T+1 settlement cycle, meaning most stock trades now settle one business day after the trade date. [27]Over Thanksgiving week that means:- Trades executed Wednesday, Nov. 26, 2025
→ Settle on Friday, Nov. 28, 2025, because Thanksgiving Day is a holiday and not a settlement day. [28] - Trades executed Friday, Nov. 28, 2025
→ Settle on Monday, Dec. 1, 2025, the next business day.
- Trades executed Wednesday, Nov. 26, 2025
- Corporate news flow often slows
Many companies avoid major announcements on a day when markets are closed or closing early, so earnings and big corporate news can be more concentrated in the earlier part of the week.
Practical Tips for Investors This Thanksgiving Week
If you’re trying to optimize around the Thanksgiving calendar, here are some simple, practical steps:
- Plan your trades before the holiday.
If you know you’ll be away from your screen, consider entering limit orders rather than market orders to control your execution price in thinner holiday liquidity. - Avoid relying on Black Friday for large moves.
Because Black Friday is a short session with lighter volume, it may not be ideal for entering or exiting very large positions unless you’re comfortable with potential slippage. - Double-check your broker’s cut-off times.
Some brokers have earlier internal deadlines for same-day wires, withdrawals or certain order types on early-close days. - Reconfirm margin and settlement rules.
With T+1 settlement, both cash availability and margin usage can feel a bit different from the old T+2 cycle; if you’re layering complex trades around a holiday, it’s worth checking your broker’s guidance. - Keep perspective if you’re a long-term investor.
For long-term portfolio builders, the key takeaway is simple: don’t panic about one closed day and one shortened day. What matters most is your long-term plan, not a single holiday week.
Thanksgiving 2025 Market Hours – FAQ
Is the US stock market open tomorrow, November 27, 2025 (Thanksgiving)?
No. NYSE, Nasdaq and other major US stock exchanges are closed all day on Thursday, November 27, 2025, for Thanksgiving. [29]
Is the US stock market open on Friday, November 28, 2025?
Yes, but with shortened hours. On Black Friday, the regular US stock session runs from 9:30 a.m. to 1:00 p.m. ET, instead of the usual 4:00 p.m. close. [30]
Are US bond markets open on Thanksgiving and Black Friday?
- Thanksgiving Day (Nov. 27, 2025): US bond markets are closed.
- Black Friday (Nov. 28, 2025): US bond markets close early at 2:00 p.m. ET under SIFMA’s recommended schedule. [31]
Is the market open normally today, November 26, 2025?
Yes. Today (Wednesday, Nov. 26, 2025), US stock and bond markets are open for their usual full sessions, making it the last full trading day before Thanksgiving. [32]
When will my trade settle if I trade this week?
Under the T+1 settlement cycle:
- A trade executed on Wednesday, Nov. 26 generally settles on Friday, Nov. 28.
- A trade executed on Friday, Nov. 28 generally settles on Monday, Dec. 1. [33]
Always check your broker’s specific settlement calendar, especially if you’re trading products other than plain-vanilla US stocks and ETFs.
References
1. www.wsj.com, 2. www.nasdaqtrader.com, 3. www.nyse.com, 4. www.nyse.com, 5. www.nasdaqtrader.com, 6. www.nyse.com, 7. www.nyse.com, 8. www.sifma.org, 9. www.sifma.org, 10. www.nasdaqtrader.com, 11. www.sifma.org, 12. www.nyse.com, 13. www.nyse.com, 14. www.sifma.org, 15. www.nyse.com, 16. www.wsj.com, 17. www.investopedia.com, 18. www.reuters.com, 19. www.reuters.com, 20. www.investopedia.com, 21. www.investopedia.com, 22. www.investopedia.com, 23. www.investopedia.com, 24. www.investopedia.com, 25. www.investopedia.com, 26. www.bloomberg.com, 27. www.whitecase.com, 28. www.finra.org, 29. www.nasdaqtrader.com, 30. www.nyse.com, 31. www.sifma.org, 32. www.wsj.com, 33. www.investor.gov
