Extending thanks and paying tribute to service members on Veterans Day is a longstanding American tradition going back to 1938.

United States marks Veterans Day, celebrating people who have fought in the U.S. military throughout the nation's history. In 1954, President Dwight Eisenhower declared that Nov. 11 would be the first Veterans Day honoring those Americans.

Yes, U.S. financial markets are open on Nov. 11, as the Nasdaq and New York Stock Exchange do not observe Veterans Day as a holiday. The stock market will next close on Thanksgiving Day, which falls on Nov. 27 this year.

Memorial Day is observed the last Monday of May each year, and is meant to honor all who served and gave their lives for their country. Veterans Day is in November, and honors all veterans, both living and dead, who served in times of war and peace. Rin Velasco is a trending reporter. She can be reached at [email protected].

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