June 19, or Juneteenth, marks the end of slavery in the U.S. The U.S. designated the day a federal holiday in 2021.
Photo by PATRICK T. FALLON/AFP via Getty Images
The Juneteenth holiday weekend may come as a bit of respite for investors.
Last week, they had to navigate increasingly turbulent markets: The
officially entered a bear market on Monday, the Federal Reserve announced a 0.75 percent interest rate hike on Wednesday, and the
Dow Jones Industrial Average
finished below 30,000 points on Thursday. For the week, the Dow and the
each slipped 4.8%, while the S&P 500 fell 5.8%.
If you’re looking to trade on Monday, June 20, here’s what you can expect.
Is the Stock Market Closed on Juneteenth?
U.S. stock markets will observe Juneteenth for the first time ever. While the holiday technically fell on Sunday, June 19, the New York Stock Exchange and the Nasdaq will be closed in observance on Monday. The markets will resume normal hours on Tuesday, June 21, with the regular session starting at 9:30 a.m. Eastern.
The U.S. bond market will also be closed on Monday, according to the Securities Industry and Financial Markets Association, or SIMFA. Over-the-counter markets will observe the holiday as well, closing on Monday and reopening Tuesday, according to Global OTC. The OTC core trading session will begin at 9:30 a.m. Eastern.
Will International Stock Exchanges Be Open?
Because Juneteenth is only recognized as a federal holiday in the U.S., most international markets will…