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Are banks, the USPS and stock market open on Columbus Day? Here is what to know.
CBS News • • business
Key Points:
- Columbus Day, also recognized as Indigenous Peoples Day, is a federal holiday observed on the second Monday in October, but its observance varies across the U.S. due to shifting recognition from Christopher Columbus to honoring Indigenous peoples.
- Federal government offices are closed on Columbus Day, giving federal employees the day off, but the stock market remains open with normal trading hours.
- The U.S. Postal Service does not deliver mail and closes all offices on Columbus Day.
- Bank operations vary: some, like JPMorgan Chase, keep branches open but limit online transactions, while others such as Wells Fargo and Bank of America close for the holiday.
- Major retailers like Costco and Walmart remain open on Columbus Day, operating during their regular business hours.
