NEW YORK (TheStreet) -- No rest for the weary this Monday as Wall Street, and TheStreet, remains open for Veterans Day.
The federal holiday, celebrated every Nov. 11, is a day of remembrance dedicated to all U.S. veterans who have served in the military forces. The date was selected to coincide with Armistice Day, the day when at the eleventh hour on the eleventh day of the eleventh month of 1918, World War I soldiers put down their weapons, ending hostilities between the Allied nations and Germany.
While many pay tribute with two minutes' silence at 11 a.m., few companies shutter their doors for the holiday. As for the markets, the New York Stock Exchange and NASDAQ will keep the wheels spinning, while the U.S. bond market shuts.
Like Columbus Day a month earlier, what's closed and what's open is all odds and ends. Federal Government offices are closed, as are some state and local offices depending on the region's laws. Most schools observe the holiday, though they are not required to by law, and the United States Postal Service will shut up shop for the day. Banks are on a case-by-case basis -- for example, TD Bank branches are open but JPMorgan's are closed. Public transportation may also enact a holiday schedule.
Though many cities and towns across the nation hold their own events, the largest and most well-known, America's Parade, is held in New York City. An annual event since 1929, more than 25,000 people walk the route from 23rd Street to 56th Street along Fifth Avenue in honor of armed servicemen.
--Written by Keris Alison Lahiff.