Is the stock market open Good Friday? Here are the exchanges closed on the holiday and on Easter Monday

The Securities Industry and Financial Markets Association, a brokerage-industry trade group that recommends actions for the bond market, like trading in the 10-year Treasury note TMUBMUSD10Y, 1.676%, advises that bond dealers settle trades on Monday that take place over the next 48 hours, an unusual situation but one that accounts for the rare release of major data during a stock-market holiday. (Last year, the bond market closed an hour early, at 2 p.m. Eastern time on Thursday, and remained closed on Good Friday.)

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Meanwhile, the New York Stock Exchange, owned by the Intercontinental Exchange, and the Nasdaq will be closed Friday.

Good Friday is a quirky holiday for financial markets in the U.S. because Good Friday isn’t a federal holiday. In fact, it is among the few holidays that isn’t both a Wall Street and a federal holiday. Those include Columbus Day and Veterans Day, which are federal holidays but aren’t vacation days for Wall Street.

U.S. equity trading this year will resume on the exchanges on Easter Monday; however, the London Stock Exchange will be closed both on Good Friday and Easter Monday, along with other European stock exchanges like Frankfurt’s DAX DAX, +0.66%, and France’s CAC 40 PX1, +0.59%, for example.

Read: Archegos chaos signals ‘fear of missing out’ rampant on Wall Street, GMO’s Inker tells MarketWatch

U.S. stock benchmarks have finished the first quarter with gains but uncertainty about the outlook lingers.

The Dow Jones Industrial Average DJIA, +0.52% rose 7.8%, the S&P 500 is up 5.8% and the Nasdaq Composite Index COMP, +1.76% increased 2.8%. The small-cap Russell 2000 RUT, +1.50%  jumped more than 12%.

Commodity markets will be closed on Good Friday as well, including trading in gold GC00, +0.86% and oil futures CL00, +3.52% CL.1, +3.52%.

Market participants are, meanwhile, considering the infrastructure plan that President Joe Biden proposed Wednesday, coming after a $1.9 trillion COVID aid package that could amplify the economic rebound and possibly cause a surge in inflation, which could fuel turbulence in equity valuations that are considered lofty by some measures.