Investors could be taking a break on Juneteenth to relax and unwind.
Traders were faced with various challenges in 2023, including inflation, the actions of the Federal Reserve, and the impact of artificial intelligence.
Despite previous circumstances, the stock market has still managed to increase. Up until now in 2021, the Dow Jones Industrial Average has risen by 3.5%, while the S&P 500 has gone up by 15%, and the Nasdaq Composite has skyrocketed by 31%, especially due to its concentration on technology companies.
If you plan to engage in trading on Monday, June 19, this is what you should anticipate.
Is the Stock Market not in operation on Juneteenth?
According to Dow Jones Market Data, the New York Stock Exchange and the Nasdaq Stock Market will not open on Monday to observe Juneteenth. The U.S. bond market and over-the-counter markets will also be closed.
Normal trading hours will commence in the U.S. markets on Tuesday, with the market opening at 9:30 a.m. Eastern.
Will global stock markets be available for trading?
On Monday, there will be trading activities at the stock exchanges in Hong Kong, London, Paris, Frankfurt, Tokyo, and Shanghai.
What exactly is Juneteenth and is it considered a national holiday by the government?
Juneteenth, also known as Juneteenth National Independence Day, commemorates events that occurred during the American Civil War. It is celebrated as a federal holiday in the United States, along with 10 other holidays.
Britannica states that President Abraham Lincoln announced the freedom of enslaved people in Confederate states through the Emancipation Proclamation in 1863. But the African American population residing in Texas were unaware of this until June 19, 1865, when Union soldiers arrived in Galveston and informed them.
Juneteenth festivities were first observed in Texas back in 1866, and it wasn’t until 1980 that the state officially declared it as a holiday. A few other states followed suit before it was federally recognized as a holiday in 2021, according to Britannica.
What Should I Watch This Week?
FedEx (FDX), KB Home (KBH), Winnebago (WGO), Accenture (ACN), Darden Restaurants (DRI), and CarMax (KMX) are all expected to report their earnings results to investors. Additionally, economic data on housing starts, jobless claims, manufacturing, and services will also be made available.
