US Market On St Patrick's Day, March 17: Will Trading In Dow Jones, S&P 500, Nasdaq Open On Monday?

US Market Holidays 2025: The USA and many regions of Western countries are celebrating Saint Patrick's Day. That being said, March 17 is a holiday to honour and celebrate the foremost patron saint of Ireland. The streets of the US will also celebrate parades related to St Patrick's Day. Does that mean the US market will be closed or open on Monday?

US Stock Market Holiday:

There are two main exchanges in the USA namely NYSE and Nasdaq. As per their holiday list for the 2025 year, March 17 is not a market holiday. Hence, trading will be open in Dow Jones, Nasdaq, S&P 500, spot gold, futures, commodities, and dollar among other market-related instruments on March 17.

What Is St Patrick's Day:

Saint Patrick's Day was made an official Christian feast day in the early 17th century and is observed by the Catholic Church, the Anglican Communion (especially the Church of Ireland), the Eastern Orthodox Church, and the Lutheran Church. The day commemorates Saint Patrick and the arrival of Christianity in Ireland, and, by extension, celebrates the heritage and culture of the Irish in general. Celebrations generally involve public parades and festivals, céilithe, and the wearing of green attire or shamrocks, Christians who belong to liturgical denominations also attend church services. Historically, the Lenten restrictions on fasting and drinking alcohol were lifted for the day, which has encouraged the holiday's tradition of revelry, as per Wikipedia.

US Market Weekly Outlook:

Last week, on March 14, the Dow Jones Industrial Average ended at 41,488.19, down by 674.62 points or 1.65%, while the S&P 500 index climbed by 2.13% to 5,638.94. Also, the tech-heavy Nasdaq Composite index climbed by 2.61% to finish at 17,754.09.

As per Trading Economics, US stock futures fell on Monday as investors searched for fresh market catalysts in the new trading week. Last week, the S&P 500 and Nasdaq Composite dropped 2.3% and 2.4%, respectively, marking their fourth consecutive weekly decline. The Dow also slid 3.1%, recording its worst weekly performance since 2023.

Trading Economics data, those losses came as President Donald Trump's escalating tariff policies and growing recessionary fears in the US rattled financial markets. Investors are now awaiting US retail sales data on Monday for insights into consumer spending trends. Additionally, markets are focused on the Federal Reserve's policy decision on Wednesday, where the central bank is widely expected to keep interest rates steady. Meanwhile, Nvidia CEO Jensen Huang is set to speak at the GTC developer conference this week, where he will discuss the future of AI.

Giving weekly outlook, according to Nathan Peterson, Senior Derivatives Analyst at Charles Schwab, there are several potential market-moving catalysts next week which include the monthly Retail Sales report on Monday, an FOMC meeting on Tuesday-Wednesday and Nvidia's annual GTC conference which will run throughout the week. In this current environment, there's also the potential to get developments around tariffs, which could be either escalating or de-escalating in nature

Peterson's note added, " I'm encouraged on the technical set-up heading into next week as several technical indicators have been signaling an oversold state, but this was also the case last week. I'm a little concerned about Monday's Retail Sales report, but I'm also curious to see if the stock market reacts negatively if the report comes in weak (haven't we priced in a softer U.S. consumer with the recent correction?). As for the Fed, given the relatively benign inflation data and further evidence of a slowing economy, I feel the odds are that Fed Chair Powell conveys more of a dovish rather than hawkish tone to the markets."

Therefore, Peterson said, "my forecast for next week is once again "Bullish", since I feel today's bounce could have more room to run on the upside. What could challenge my outlook? If the government's stopgap funding bill doesn't get passed today (we still don't have confirmation at the time of this writing), or if we get additional tariff escalations next week, markets could revert back into 'risk off' mode and turn lower."

FOMC's monetary policy meeting will begin from March 18 to March 19. The outcomes will be announced on Wednesday.