Here's what you need to know about whether U.S. stock markets will be open or closed on Black Friday this year.

Here’s what investors should know about trading hours on Turkey Day. The New York Stock Exchange and the Nasdaq Stock Market will be closed Thursday. The U.S. bond market and over-the-counter markets will also be closed.

Yes, Thanksgiving is Thursday. The holiday has been recognized by the federal government since 1870, though President Abraham Lincoln encouraged Americans to recognize a November “day of Thanksgiving” in 1863, and President George Washington issued a proclamation for “a day of public thanksgiving and prayer” on Nov. 26, 1789.

Thursday: U.S. markets are closed for the Thanksgiving holiday. Friday: Markets close early in the U.S. The stock market closes at 1 p.m., while bond markets are slated to shut down an hour later. Black Friday marks the start of the holiday shopping season.