US stock markets are closed to monitor Juneteenth for the first time in history.
The New York Stock Exchange and Nasdaq are closed today in observance of the latest federal holiday, adding it to the list of market holidays that also includes Thanksgiving and Christmas.
Juneteenth – also known as Liberation Day, Black Independence Day, and Jubilee Day – commemorates the end of slavery in the United States. Here’s what to know about closed markets on Juneteenth.
Is the US stock market open for Juneteenth?
The stock exchange is closed today to celebrate the holiday which falls this year on Sunday.
The US stock exchanges decide on the dates of the stock market holidays in coordination with the regulators. New York Stock Exchange, owned by
and other stock exchanges in the United States, including NASDAQ and
The New York Stock Exchange in 2021 indicated that This year you will adopt Juneteenth as a holidayafter communicating with market participants to obtain consensus on the holiday.
Are the bond and commodity markets closed for June?
The US bond market was closed, temporarily halting trading in government bonds, mortgage-backed securities, asset and corporate bonds, municipal bonds and some other assets for Juneteenth.
The markets for US commodities such as wheat, corn, oil and copper were also closed.
Will banks and post offices be closed for Juneteenth?
The Federal Reserve and most major banks on Wall Street are closed for a holiday. Non-member banks may also be closed. The US Postal Service closed many operations, including post offices.
What does Juneteenth mean?
Juneteenth marks the date June 19, 1865—about two months after the end of the Civil War, and about two and a half years after President Abraham Lincoln issued the Emancipation Proclamation to free slaves in the Confederacy—when Major General Gordon Granger arrived at the Union in Galveston, Texas, and issued an order informing the last enslaved In Texas they are free.
The Thirteenth Amendment outlawing slavery was ratified in the Constitution in December 1865, although slavery continued in some pockets of the country for several years.
When did Juneteenth become a federal holiday?
President Biden Juneteenth signed into law on June 17, 2021, giving it the same status as Memorial Day, Veterans Day, and other federal holidays.
The holiday gained national attention after renewed global protests for racial equality in 2020. Leaders in Congress of both parties said the holiday was an important gesture in acknowledgment of those who suffered from American slavery and as an act of racial reconciliation.
This was the first new federal holiday since the establishment of Martin Luther King Jr. Day in 1983.
What other holidays does the stock market close?
The stock market is closed on holidays including Martin Luther King Jr. Day, Independence Day, Labor Day and Thanksgiving Day, and on some other days trading ends early. It remains open for some federal holidays, including Columbus Day and Veterans Day.
This article may be updated.
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