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Just realized something about the stock market that never made sense to me until I dug into it. So the stock market closes on Good Friday every year, right? But here's the thing - it's not actually a federal holiday in the US. Like, most people don't get the day off unless they work in finance or have a religious reason to observe it. Turns out the New York Stock Exchange and NASDAQ have just been doing this since the late 1800s basically out of habit. It's wild how tradition just sticks around in finance.
The real reason though? It's not some religious mandate or anything. Back in the day, fewer traders would show up to work anyway because people wanted to observe Good Friday personally. So the exchanges were like, if half our people aren't coming anyway, might as well close the whole thing rather than deal with thin trading and crazy volatility. Makes sense when you think about it - the stock market open or closed depends a lot on having enough liquidity to function smoothly.
What's interesting is that bond markets also shut down the same day, which reinforces that the stock market open hours are tied to this. This year Good Friday is coming up April 17, so we're getting a shortened trading week. Markets reopen the following Monday morning as usual. I guess if you're not religious but get the day off anyway, you could just chill, volunteer, reflect on stuff - basically use it however you want. Not everyone celebrates it the same way, but the stock market definitely takes it seriously even if it's not technically a federal holiday. Pretty quirky when you think about how much of finance runs on these historical traditions.