Is the Stock Market Closed on Juneteenth?

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Markets will be closed on Monday for Juneteenth, a federal holiday that observes the end of slavery in America.

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Juneteenth—also known as Emancipation Day, Black Independence Day, and Jubilee Day—remembers the end of slavery in America. Find out which markets are closed for Juneteenth.

Is the US stock market open for Juneteenth?
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The stock market will be closed for a holiday on Monday, which falls on a Sunday this year.

US stock exchanges make decisions on stock-market holiday schedules in coordination with regulators. New York Stock Exchange owned by Intercontinental Exchange Inc.,

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And other stock exchanges in the US will remain closed, including Nasdaq and Cboe Global Markets Inc.,

The NYSE indicated in 2021 that it would adopt Juneteen as a holiday this year, after reaching consensus from market participants on the holiday.

Are the bond and commodity markets closed for Juneteen?

The US bond market will be closed for the Juneteenth, preventing trading in government bonds, mortgage- and asset-backed securities, corporate bonds, municipal bonds and certain other assets. CME Group Inc..’s

Markets for US commodities such as wheat, corn, oil and copper will also remain closed.

Will banks and post offices be closed for Juneteen?

The Federal Reserve Bank and most major Wall Street banks will remain closed for the holiday. Non-member banks may also be closed. US Postal Service will stop multiple operationsincluding post offices.

What does Juneteenth mean?

Juneteenth marks the date of June 19, 1865—nearly two months after the end of the Civil War, and nearly two and a half years after President Abraham Lincoln issued a proclamation freeing enslaved people in the Confederation—when Major General Gordon Granger of the Confederate Arrived with troops in Galveston, Texas, and issued an order informing the last enslaved people in Texas that they were free.

The 13th Amendment to the Constitution banning slavery was ratified in December 1865, although slavery continued for many years in some parts of the country.

When did Juneteenth become a federal holiday?

President Biden signed Juneteenth 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 in 2020 after renewed global protests for racial equality. Congressional leaders of both parties said the establishment of the holiday was an important gesture in recognizing those who suffered under American slavery and as an act of racial reconciliation.

It was the first new federal holiday since the establishment of Martin Luther King Jr.’s Day in 1983.

This article may be updated,

Write to Hardik Singh at [email protected]

Credit: www.Businesshala.com /

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