Will the stock market operate on Juneteenth?
Stock markets in the good ol' U.S. of A. will be shutting down next Thursday to honor Juneteenth. Yep, you heard it right. The NYSE and Nasdaq decided to throw in Juneteenth as a fresh market holiday back in 2022. So, if you've got stocks, bonds, metals or commodities, including oil and gold, you might wanna hold off on trading on that day. The bond market, just like those markets, will also be out of commission for the day.
Juneteenth, celebrated every June 19th, marks the day in 1865 when slaves in Texas were finally set free, more than two and a half years after Abraham Lincoln declared their freedom. Tapping into the historical significance of the day, the NYSE and Nasdaq decided to make it a market holiday, putting a halt to all trading activities[1][4].
It's worth noting that while Juneteenth first became a market holiday in 2022, the actual day off can differ depending on when Juneteenth falls each year. The bond market abides by the Securities Industry and Financial Markets Association (SIFMA)'s guidance to take a break on this holiday[1][4].
In essence, the markets are taking a day off on June 16th or whatever day Juneteenth falls on yearly, to pay homage to a pivotal moment in American history[1][4]. So, if you thought you'd be trading on that day, better think again, partner!
The government, recognizing the historical significance of Juneteenth, decided to make it a market holiday for the NYSE and Nasdaq in 2022, thereby halting investing activities in stocks, bonds, metals, commodities, and even the bond market on that day. Interestingly, if Juneteenth falls on June 16th or any other day in a particular year, these markets will take a break to pay homage to this pivotal moment in American history, limiting opportunities for financing operations on that day.
