Veterans Day, celebrated on November 11, is a fixed holiday dedicated to honoring those who have served in the military, and it falls on a Monday in 2024, creating an opportunity for some to enjoy a three-day weekend. This day was originally known as Armistice Day, established in 1919 by President Woodrow Wilson, and it became a federal holiday in 1938. The significance of the date stems from the armistice that ended World War I on the eleventh hour of the eleventh day of the eleventh month in 1918.
On this holiday, most banks will be closed, as it is recognized as a federal holiday. While customers cannot access services in person, online banking and ATMs remain available for transactions. The U.S. Postal Service will not be delivering mail on Veterans Day, yet private carriers such as UPS and FedEx will continue their operations as usual.
In terms of financial markets, the New York Stock Exchange and Nasdaq will remain open for trading, although bond markets will observe the holiday. Federal government offices will be closed, alongside most state and local government facilities, although there could be exceptions in certain areas.
As for retail, while many larger stores will keep their doors open, some small businesses may choose to close in respect of the holiday.
This year’s Veterans Day serves as a reminder of the sacrifices made by those who have protected the nation. It’s an opportunity to reflect on the dedication and resilience of veterans, while balancing the practicality of daily life during this significant day.
For those wishing to participate in honoring veterans, local events and ceremonies are often organized, presenting a chance to engage with the community and support those who have served. This Veterans Day, consider taking a moment to connect with veterans in your area or participate in local observances.