India, Dec. 31 -- Wall Street will observe a day off on major holidays. New Year's Day is here, and New Year's Eve is on the horizon, here's everything you need to know about the timings of the stock markets and banks.

The U.S. stock market is open Monday through Friday from 9:30 a.m. to 4 p.m. Eastern time.

These trading hours are observed by both the New York Stock Exchange (NYSE) and the Nasdaq, the two main U.S. stock exchanges.

Hence, both the NYSE and Nasdaq will open and close at their normal times on December 31 with restrictions. All indexes, like Dow Jones and S&P 500, will close at 1 p.m.

However, the U.S. bond market will close early at 2 p.m. ET on December 31.

Following the early closing for bonds, the stock and bond ma...