Market Extra: Which stock markets are closed on Good Friday?

U.S. financial markets are closed in observance of Good Friday, which falls on April 14.

But why?

Typically, markets adhere to the U.S. government’s holiday calendar. However, Good Friday isn’t one of those holidays. In fact, it’s among the few holidays that isn’t both a Wall Street and a federal holiday. Those include Columbus Day and Veterans Day, which are federal holidays but aren’t vacation days for Wall Street investors.

Apparently, there is no clear answer for Good Friday being a market holiday. UBS’s veteran market maven, Art Cashin, has made a relatively regular habit of debunking myths that have linked market crashes, particularly the 1987 stock-market plunge, to the Good Friday closing.

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