As many people prepare to ring in the New Year on January 1, 2025, it’s essential to know what businesses, services, and markets will be open or closed on this holiday. Many retail stores will be closed, while others may have adjusted hours, allowing celebration fans to enjoy a last hurrah before returning to routine. Major grocery chains typically remain closed on New Year’s Day, including Walmart, Target, and Costco. However, some convenience stores and select drugstores might maintain shorter hours. On the financial front, the New York Stock Exchange will be closed, along with NASDAQ, as the 1st of January is a recognized market holiday, emphasizing that traders should not expect market fluctuations during this day. Notably, the bond market is also set to close, indicating a complete halt in trading for these financial sectors. As the festive spirit continues through the New Year, many families will gather for traditional meals, while different communities may have events planned to celebrate the arrival of 2025. ‘It’s a time for reflection and setting goals,’ says local resident Maria Gonzalez. ‘New Year’s Day is about having hope for the year ahead.’ Remember to check hours prior to venturing out, as local customs may dictate varied schedules. Overall, while many are set to enjoy the holiday, the business landscape for January 1 remains typically conservative, reflecting the importance of the day in American culture.
Understanding New Year’s Day 2025: What’s Open and Closed
