Q&A on the News


Q: I noticed that the stock market was open on Columbus Day. Why wasn’t it closed like many other institutions, such as banks and post offices, which are usually closed on holidays? And why aren’t banks closed on Good Friday, like the stock market?

—Lance DeLoach, Thomaston

A: Banks often follow the Federal Reserve System’s holiday schedule, not the New York Stock Exchange’s holiday schedule.

The Federal Reserve recognizes 10 holidays a year.

They are: New Year’s Day, Martin Luther King Jr. Day, Washington’s Birthday (Presidents Day), Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving and Christmas.

The New York Stock Exchange has followed its holiday schedule since 1885, a spokesman told Q&A on the News in an email.

“Our records show that some holiday closures were observed as far back as 1820,” he wrote.

It recognizes nine holidays.

The differences in its schedule: It’s closed Good Friday, but open Columbus Day and Veterans Day.

“The Fed was founded in 1913; we were founded way back in 1792, so our traditions are much older,” the spokesman wrote.

Q: If Donald Trump is elected, would he be the first president without either government or military experience?

—Steve Phenicie, Norcross

A: Every U.S. president has either served in the military or held a government office prior to being elected.

Herbert Hoover had never been elected to office prior to being elected president in 1928, but had been head of the U.S. Food Administration under President Woodrow Wilson and Secretary of Commerce under both Warren G. Harding and Calvin Coolidge.

Of the 44 U.S. presidents, 31 have served in the military.

Andy Johnston with Fast Copy News Service wrote this column; Will Robinson contributed. Do you have a question? We’ll try to get the answer. Call 404-222-2002 or email q&a@ajc.com (include name, phone and city).


Reader Comments ...


Next Up in Local

Snellville mayor proclaims innocence while suspending self from office
Snellville mayor proclaims innocence while suspending self from office

Indicted Snellville Mayor Tom Witts voluntarily suspended himself from office Monday evening. The embattled leader also vowed to fight the massive criminal case against him and proclaimed his innocence. Witts, 68, was not present during Monday night’s Snellville City Council meeting, the first gathering of the panel since he was indicted...
High DeKalb water bills leave residents grasping for answers
High DeKalb water bills leave residents grasping for answers

DeKalb CEO Mike Thurmond says the county government is correcting inaccurate water bills, even as residents told him they’re still waiting for solutions. Thurmond, holding his fourth public meeting about high water bills Monday, tried to reassure residents that he’ll fix the problem.  But Thurmond and other government officials...
2 metro Atlanta men arrested in homicide at Cobb home
2 metro Atlanta men arrested in homicide at Cobb home

Two Douglasville men were arrested in connection with a fatal shooting at a Powder Springs home, Cobb County police said Monday. Mikal Reid, 24, and Ross Roberts, 25, face felony murder, aggravated assault and armed robbery charges in the shooting death of 20-year-old Dazel Johnson, Sgt. Dana Pierce said.  Johnson was found with multiple gunshot...
Indicted Snellville mayor suspending himself from office
Indicted Snellville mayor suspending himself from office

Indicted Snellville Mayor Tom Witts has voluntarily suspended himself from office, officials said during a Monday night meeting. Witts was not present for the city council meeting, the first since he was indicted on dozens of felony charges that range from tax evasion to misuse of campaign funds. But Snellville City Attorney Tony Powell read a statement...
Man shot 5 times by cop pleads not guilty to charges
Man shot 5 times by cop pleads not guilty to charges

A man who was shot five times by a Fulton County police officer outside an apartment complex has pleaded not guilty to charges in connection with an altercation that occurred before the shooting, his lawyer said in a statement.  Jeantique Oriol faces battery, attempted robbery and obstruction charges stemming from an April 6 incident. Police say...
More Stories