It is time to remember our veterans.

Veterans Day is on Monday, November 11. The American holiday was originally called Armistice Day because it commemorated the date and time – November 11, 1918, at 11 a.m. – of the signing of the ceasefire that ended World War I. In 1919, on the first anniversary of the Armistice, President Woodrow Wilson said the day “will be filled with solemn pride in the heroism of those who died in the service of the country.” According to the U.S. Department of Veterans Affairs, it would be “a day of parades and public gatherings and a brief suspension of operations beginning at 11 a.m.”

Veterans Day is now a federal holiday that honors all military veterans.

It is also a day marked by many closures. Here’s more information about what to expect on Veterans Day.

The two major stock markets – the New York Stock Exchange and the Nasdaq – will be open, but the bond markets will be closed.

For years, the NYSE was closed on Veterans Day, but that changed in 1954, when it chose to stay open but observe a two-minute closing. Now the two-minute observation takes place before the market open, so there is no interruption to the trading day.

As for bond markets, the Securities Industry and Financial Markets Association (SIFMA), the trade group representing the bond community, said it is issuing closing recommendations based on the Federal Reserve Bank of New York’s holiday calendar — and that calendar does indeed include Veterans Day. .

The US Postal Service does not deliver mail on Veterans Day. UPS UPS and FedEx FDX will offer many of their regular services, but customers can expect some changes.

Most banks are closed. That includes branches of Bank of America BAC, Chase Bank JPM, Capital One COF, TD Bank TD and Wells Fargo WFC.

Because Veterans Day is a federal holiday, all non-essential federal government offices are closed. According to the Office Holidays website, it is also a holiday in almost every state. Wisconsin is the one notable exception: Veterans Day is not designated a holiday, although local veterans and some lawmakers have made efforts to change that.

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