In preparation for the holiday, the Nasdaq and New York Stock Exchange decided to close early on Friday at 4 p.m. Eastern. After all, freedom deserves to be celebrated with gusto! But don't worry, the markets will reopen on Tuesday for the regular trading session at 9:30 a.m., ready to resume their financial frenzy.
President Joe Biden Makes Juneteenth A National Holiday
It's not every day that we get a new federal holiday. The last time that happened was in 1983 when Martin Luther King Jr. Day was established. So, Juneteenth is breaking new ground in the holiday department. It's like the cool kid who just moved to town, bringing fresh vibes and a reason to celebrate freedom. Juneteenth has been around for a long time (since the end of the Civil War), but it was signed into law as a Federal Holiday by President Joe Biden in 2021, and last year was the first year it was observed in the Stock Market
What Is Juneteenth?
Juneteenth marks the 158th anniversary of the day when Union troops arrived in Galveston Bay, Texas, to enforce the Emancipation Proclamation and free the last enslaved Black Americans. It's a day of liberation and triumph, also known as Freedom Day or Emancipation Day.
Will The Banks And Post Offices Be Closed Monday?
With the holiday in full swing, banks and post offices will also be closed. Even the U.S. Postal Service is taking a break from delivering mail. So, take a moment to reflect, celebrate, and take a break from trading in honor of freedom.
Stock Market Update
As we enjoy this three-day market holiday, let's not forget the recent market rally. Stocks have been soaring like fireworks in the sky. The S&P 500 and the Dow Jones Industrial Average have been on quite a roll, reaching new highs. The Nasdaq Composite, fueled by the excitement over artificial-intelligence technology, has been skyrocketing like a rocket on a mission.
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So, while the markets take a breather and investors get a chance to catch their breath, let's remember the importance of Juneteenth and the progress we've made as a nation. It's a time to reflect on our history, celebrate freedom, and come together as one big financial family. Happy Juneteenth, everyone! May your celebrations be filled with joy, laughter, and a sprinkle of financial freedom!
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