U.S. equity markets will remain dark on Monday, September 7, 2026, as exchanges observe the Labor Day holiday. The New York Stock Exchange and Nasdaq will not conduct regular trading sessions for listed shares, exchange-traded funds, or exchange-traded options. Investors will have to wait until Tuesday, September 8, for the next standard trading day, which runs from 9:30 a.m. to 4:00 p.m. Eastern Time.
Holiday Trading Schedules
While the primary cash equity markets are closed, several derivative and futures venues will operate on reduced schedules. CME Group equity and interest-rate futures will trade until 1:00 p.m. ET on Monday, reopening at 6:00 p.m. ET for Tuesday’s trade date. Meanwhile, Cboe Global Markets will offer limited trading in index options—including SPX, VIX, XSP, and RUT—until 11:30 a.m. ET, with the next global session starting at 8:15 p.m. ET.
Bond markets will also be shuttered, as the Securities Industry and Financial Markets Association (SIFMA) has recommended a full closure for U.S. dollar-denominated government, corporate, and mortgage-backed securities. The Federal Reserve’s automated clearing house (FedACH) will pause processing until 5:30 p.m. ET Monday.
Futures and Options Activity
Despite the holiday, futures contracts opened Sunday evening for Tuesday’s trade date, allowing investors to react to global developments. However, these derivative prices do not reflect actual stock or ETF transactions, as cash exchanges are closed. Any moves in futures will likely contribute to Tuesday’s opening gap. CME will not publish Monday settlement prices for most products, with exceptions for crypto fixing and marker prices used for expiring crypto options.
Cboe’s regular options session is also closed, but its global trading platform remains open for select index options from Sunday evening until Monday morning. This limited session resumes Monday evening.
Settlement and Order Considerations
The settlement clock for stock trades follows business days. The SEC’s standard settlement cycle is one business day after the trade date. Therefore, a stock trade executed on Friday, September 4, will settle on Tuesday, September 8. A trade placed on Tuesday will settle Wednesday.
Brokerage apps may still accept orders during the closure, but execution will only occur when markets reopen. A market order entered during the holiday carries the risk of Tuesday’s opening price, while a limit order caps the acceptable price but does not guarantee execution. FINRA advises that news before the reopen can affect the final execution price.
Mutual fund and broker cutoff times may differ, so an order timestamp does not necessarily determine Monday’s pricing. Investors should consult their fund prospectus and broker’s holiday policy for clarity.
Cash Treasury and Banking
Cash Treasury prices displayed on Monday are likely stale, reflecting Friday’s close or indicative quotes, as SIFMA’s holiday recommendation covers all U.S. dollar debt instruments. Federal Reserve Banks also observe the holiday, and FedACH processing resumes Monday evening. Broker deposits or withdrawals may take longer under individual firm procedures.
While overseas markets, futures, and cryptocurrencies can react to news during the U.S. holiday, none provides an official closing price for NYSE- or Nasdaq-listed stocks. The first consolidated cash-market response will occur Tuesday at the opening auction, when both exchanges resume normal trading hours.
Until then, Friday’s close remains the last completed U.S. session, and investors should prepare for potential volatility at Tuesday’s open.
