Is the Stock Market Open on Memorial Day 2026 and What Moves While NYSE Is Dark

Key Takeaways

• NYSE and Nasdaq are fully closed today, May 25, for Memorial Day, with bond markets also closed after an early Friday close at 2 pm ET
• Under T+1 settlement, Friday trades settle Tuesday, meaning buying power and cash positions may look different when markets reopen at 9:30 am
• UBS raised its S&P 500 target to 7,900 from 7,500 on Friday as futures, oil, and yields keep moving through the Memorial Day closureThe

NYSE and Nasdaq are closed today for Memorial Day. But markets are not completely frozen. Anyone checking “is the stock market open today” will find that regular trading is paused until Tuesday, May 26. Even so, futures, oil prices, and Treasury yields are still moving during the holiday break. This could affect how stocks reopen after the weekend. Friday’s session also came with a few major developments, including UBS raising its S&P 500 target and continued pressure in bond markets.

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What Moves While NYSE and Nasdaq Are Dark Until Tuesday

The NYSE and Nasdaq are closed on Monday, May 25, for Memorial Day. Bond markets are also shut after closing early at 2 p.m. ET on Friday. Regular trading resumes Tuesday morning at 9:30 a.m. ET.

Under the T+1 settlement system, trades placed on Friday generally settle on Tuesday because Monday does not count as a business settlement day. Investors moving cash between accounts or using unsettled funds could notice differences in buying power when markets reopen.

The timing matters because several macro developments landed just before the holiday break. UBS raised its S&P 500 year-end target to 7,900 from 7,500 on Friday. They cited stronger earnings expectations and easing recession concerns. At the same time, Treasury markets remain volatile after Moody’s downgraded the US credit rating earlier this month.

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Futures and Oil Prices Still Trade

Even with the stock market Memorial Day 2026 closure in place, some parts of the financial system keep running. CME futures operate on modified holiday hours, while oil, currencies, and crypto markets continue trading.

ETFs like SPY and QQQ sometimes reopen above or below their previous closing prices after long weekends. This is especially when macro news develops while cash markets are closed.

This leaves Tuesday’s opening session unusually important. Traders will be watching whether futures markets hold steady through the holiday or whether rates and oil force a broader repricing once Wall Street comes back online.

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