General Discussion

onenote

(46,233 posts)

11. A variety of reasons

Sat Apr 8, 2023, 08:03 AM

Apr 2023

First, and foremost, the stock market being closed on Good Friday doesn't violate separation of church and state. The stock market is not the government nor is the decision to close it dictated by the government. It's a private institution that can open or close when it wants.

Second, historically, Good Friday was a very slow trading day because a significant portion of the population took the day to go to church with their families. There may be less of that today, but the tradition remains and many families gather for Easter.

Third, European markets (but not Japanese) also are closed on Good Friday. They're also closed on the Monday after Easter (while the US markets are open).

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Why was the stock market closed for Good Friday? [View all] RSherman Apr 2023 OP

Easter Egg hunts onethatcares Apr 2023 #1

Even the Post Office was open. joshdawg Apr 2023 #2

Probably because it was actually 3 religious holidays converging at that date, which is rare. CTyankee Apr 2023 #3

I think you're right GPV Apr 2023 #5

+1 Kaleva Apr 2023 #6

There's no prohibition of working on Passover Mossfern Apr 2023 #24

Easter and Christmas have crossed over to being traditional but secular holidays for many Americans Shermann Apr 2023 #4

I think this is the least of our worries right now. Please, folks, try to focus! CTyankee Apr 2023 #9

I'm an Atheist and I buy Easter gifts and candy for my Jewish grandson Greybnk48 Apr 2023 #25

Did that create a hardship for you ? MichMan Apr 2023 #7

LoL! Kaleva Apr 2023 #27

Good Friday Tickle Apr 2023 #8

I googled your question. And the answer is.... MyMission Apr 2023 #10

Thank you. Easy peasy. BlackSkimmer Apr 2023 #13

A variety of reasons onenote Apr 2023 #11

Stuff is closed down here on Monday after Easter LeftInTX Apr 2023 #29

The stock market is not a government agency so it decides to open or close whenever. jimfields33 Apr 2023 #12

You, Sir, owe me a Coke. :) nt sl8 Apr 2023 #15

On its way. jimfields33 Apr 2023 #18

Cheers! nt sl8 Apr 2023 #19

Exactly. nt BlackSkimmer Apr 2023 #16

+5 Kaleva Apr 2023 #28

The NYSE is not a government entity. sl8 Apr 2023 #14

High Catholic population in the NYC area. NutmegYankee Apr 2023 #17

There is a large Christian presence in Boston and Chicago which have large financial footprints. TheBlackAdder Apr 2023 #21

Companies that support banking & securities have varying internal holiday schedules. TheBlackAdder Apr 2023 #20

Post removed Post removed Apr 2023 #22

There is no federal holiday around Easter moose65 Apr 2023 #23

The stock market isn't a government organization Renew Deal Apr 2023 #26

That would be totally a market based treestar Apr 2023 #30