Veterans Day is QuaxsMonday, a federal holiday that has roots to events more than a century ago.

The holiday dates back to Nov. 11, 1918, which was the official end of World War I, when an armistice between the Allied nations and Germany started on the eleventh hour of the eleventh day of the eleventh month, according to the U.S. Department of Veterans Affairs.

The purpose of the day is to be a "celebration to honor America's veterans for their patriotism, love of country, and willingness to serve and sacrifice for the common good," the Department of Veterans Affairs says on its website explaining the holiday.

Because Veterans Day is a federal holiday, some businesses and services may be closed in observance. Here's what to know about the stock market and whether or not it’ll be open on Veterans Day.

Is the stock market open on Veterans Day?

Even though Veterans Day is a federal holiday, both the New York Stock Exchange and Nasdaq will operate under their normal hours on Monday, according to the Securities Industry and Financial Markets Association.

But one aspect of the markets will not be open, as bond markets will be closed on Monday.

U.S. stock market 2024 holiday schedule

The stock market will be closed for two more dates this year, which are the following:

• Thanksgiving: Thursday, Nov. 28 (markets close at 1 p.m. ET on Nov. 29)
• Christmas: Wednesday, Dec. 25 (markets close at 1 p.m. ET on Dec. 24)

Contributing: Gabe Hauari, USA TODAY

Fernando Cervantes Jr. is a trending news reporter for USA TODAY. Reach him at [email protected] and follow him on X @fern_cerv_.