As Columbus Day approaches, investors and market participants are preparing for a unique trading environment. This US holiday, celebrated on Monday, October 14, 2024, will see a mix of open and closed financial markets, impacting trading activity.

On Columbus Day, a federal holiday commemorating Christopher Columbus’s landing in North America in 1492, the New York Stock Exchange and the Nasdaq Stock Market will operate normally. Over-the-counter (OTC) markets will also remain open, while bond markets will be closed. The US Postal Service and the Federal Reserve will not operate, and many banks will follow suit.

In some states, the day is also recognized as Indigenous Peoples Day, celebrating the resilience of indigenous communities.

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Internationally, trading will continue as normal in most markets, with the exception of Toronto Stock Exchangewhich is closed in honor of Canada’s Thanksgiving Day.

Investors should brace for a busy week with earnings reports from major companies such as UnitedHealth Group UNH, Johnson & Johnson J.N.J, Bank of America Corp. BAC, Abbott Laboratories ABBOTAnd Taiwanese semiconductor manufacturing company Ltd TSM. Additionally, major economic data releases, including unemployment claims, retail sales and housing starts, will provide insight into the current state of the economy.

Price promotion: On Monday during pre-market hours, at the time of writing, SPDR S&P 500 ETF Trust SPY traded slightly higher, around 0.22% Invesco QQQ Trust, series 1 QQQ rose 0.32%, according to Benzinga Pro.

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This story was generated with the help of Benzinga Neuro and edited by Pooja Rajkumari