Columbus Day may offer a day off for millions of Americans, but Wall Street won't be taking a breather.

Stocks have lost some of their earlier momentum in recent weeks, as investors weigh concerns about lofty artificial-intelligence valuations and rising borrowing costs, with long-term bond yields reaching their highest levels in more than a decade.

Falling leaves and cooler weather will soon give way to another wave of earnings, giving investors plenty to watch in the weeks ahead. Here's what to know about trading hours on Monday.

Is the Stock Market Open or Closed on Columbus Day?

The New York Stock Exchange and the Nasdaq Stock Market will both keep regular hours and be open on Columbus Day, but bond markets and over-the-counter operations will be closed.

The Chicago Mercantile Exchange and the International Exchange will be open with restrictions. CME has disclosed it will calculate and distribute settlement prices, but because banks are closed, it can't process certain cash transfers, collateral transactions, or margin payments until the following day. ICE futures trading will be mostly open, though canola contracts will be closed.

Are International Markets Open on Columbus Day?

Most foreign stock exchanges will be open. Exchanges in Shanghai, Hong Kong, Paris, and London will be open. The Toronto Stock Exchange will be closed, however, in recognition of Canadian Thanksgiving.

Are Banks and Post Offices Open Today?

Most banks are closed on Columbus Day because they follow the Federal Reserve's holiday schedule. Chase will have branch locations open, but online transactions will process the following day. TD Bank said its locations will would be open on Monday, referring to the holiday as Indigenous Peoples' Day.

All U.S. Postal Service offices are closed on Columbus Day, as it is one of 11 holidays observed in 2026.

What About Private Carriers?

UPS and FedEx will still provide delivery services on Columbus Day, though FedEx services -- including FedEx Freight, FedEx Office, and FedEx Custom Critical -- will operate with modified service. This will impact some delivery or pickup operations, such as on-call or drop box pickups.

How Has the Stock Market Performed Around Columbus Day?

October has been an unpredictable month for stocks over the last 10 years, with sharp selloffs occasionally giving way to substantial rallies. The month tends to carry a reputation of being troublesome for investors, but the so-called "October effect," a belief that stocks tend to perform poorly in the month, has little historical support.

The S&P 500 and the Dow Jones Industrial Average have averaged gains of 1.2% and 1.5%, respectively, in October over the past decade, according to Dow Jones Market Data. The indexes have each finished the month higher five times during this span, which included some steep declines. In 2018, the S&P 500 dropped 6.9% and the Dow fell 5%, but the indexes surged 7.9% and 14% in 2022, respectively. Last year, the S&P 500 rose 2.2% and the Dow added 2.5%.

What Else Should I Know About Columbus Day?

A federal holiday celebrated annually on the second Monday of October, Columbus Day honors the Italian explorer Christopher Columbus.

Columbus Day commemorates the landing of Columbus in the Americas in October 1492, which marked the first of four trips he made across the Atlantic Ocean for Spain through 1502. It became a federally recognized holiday in 1971.

Criticism of Columbus' treatment of indigenous peoples has increased in recent years. South Dakota became the first U.S. state to recognize a "Native Americans' Day" in 1990, and now more than a dozen states refer to Columbus Day as Indigenous Peoples' Day. Montana became the latest to do so in October 2025.

President Joe Biden became the first U.S. president to observe Indigenous Peoples' Day in 2021, though it was not recognized as a federal holiday.

President Donald Trump issued a proclamation last year recognizing Columbus Day, without mentioning Indigenous Peoples' Day.