As we bid farewell to 2023 and welcome the start of 2024, it's important to note that on Monday, January 1, many offices and services will be closed. This includes the U.S. financial markets.

So, if you're curious about what will be open or closed on New Year's Day, here's a breakdown of what you can expect.

Financial Markets

Both the U.S. stock exchanges and other financial markets around the world will be closed on Monday as they observe the New Year's Day holiday. Additionally, fixed-income traders will get an early start to their New Year celebrations, with the industry group Sifma recommending that U.S. bond markets close an hour earlier on Friday, at 2 p.m. Eastern.

Trading Sessions

Investors can look forward to full trading sessions on Tuesday as they kick off the new year. Bulls will be aiming to continue the positive momentum that closed out 2023 on Wall Street. In fact, the Dow Jones Industrial Average (DJIA) experienced seven record closes in December, including one on Thursday, December 28. Likewise, the S&P 500 (SPX) entered the final session of the year just 0.3% away from reaching its record close of 4,796.56, which was achieved on January 3, 2022. Notably, the S&P 500 witnessed a remarkable surge of over 24% in 2023, recovering from a previous year's downturn caused by the Federal Reserve's aggressive rate-hike campaign that led to soaring bond yields.

Here's to a prosperous and successful year ahead!

Will USPS, FedEx and UPS still deliver?

The United States Postal Service will not be delivering mail, and local post offices will also be closed on New Year’s Day. However, Priority Express Mail will still be delivered.

FedEx and UPS Services

FedEx will not offer service, except for Custom Critical deliveries. Similarly, UPS will not deliver or pick up packages, although UPS Express Critical service is available.

Is Costco open on New Year’s Day?

A select number of big-box retailers and grocery stores are closed on New Year's Day. This includes Costco, Sam's Club, Trader Joe's, and Aldi. Other major retailers are generally open but may have limited hours.

Will banks be closed for New Year’s?

Most banks will indeed be closed on New Year's Day. However, you can always visit an ATM or use your bank's app for many services.

What government offices are open for New Year’s Day?

All nonessential federal offices are closed on New Year's Day. The same generally applies to state government offices. Moreover, government-run national parks are also usually closed.

Schools

Public and private schools aren't typically open on January 1st as the holiday is part of the longer winter break.