Juneteenth and the Stock Market: Are We Trading Today?
On Juneteenth, investors may choose to pause and indulge in leisure activities and rejuvenation.
Traders encountered various difficulties in the year 2023, which consisted of rising prices, the policies implemented by the Federal Reserve, and the effects of computer systems with human intelligence.
Despite the challenges faced, the stock market has shown growth. As of 2021, the Dow Jones Industrial Average has increased by 3.5%, the S&P 500 has gone up by 15%, and the Nasdaq Composite has had a significant surge of 31%, mainly because of its focus on technology businesses.
If you are intending to participate in trading activities on Monday, June 19, then this is what you can expect.
Does the Stock Market remain closed on Juneteenth?
Based on information from Dow Jones Market Data, both the New York Stock Exchange and the Nasdaq Stock Market will be closed on Monday in honor of Juneteenth. Similarly, the U.S. bond market and over-the-counter markets will also not be operating.
The U.S. markets will start operating at their usual time on Tuesday, beginning at 9:30 a.m. Eastern.
Will it be possible to trade in international stock markets?
Trading will take place at stock exchanges in Hong Kong, London, Paris, Frankfurt, Tokyo, and Shanghai on Monday.
What is the definition of Juneteenth and does the government recognize it as a federal holiday?
Juneteenth, which is also recognized as Juneteenth National Independence Day, is a remembrance of incidents that took place during the civil war in America. It is observed as a federal holiday in the US, similar to 10 other holidays.
According to Britannica, President Abraham Lincoln declared that enslaved individuals in Confederate states were free through the Emancipation Proclamation in 1863. However, the African American community in Texas did not know about this until June 19, 1865, when Union soldiers came to Galveston and told them.
The celebration of Juneteenth started in Texas in 1866. It took until 1980 for the state to officially recognize it as a holiday. Other states then followed suit, and it wasn’t until 2021 that it became a federal holiday, as reported by Britannica.
What Should I Watch This Week?
Investors are anticipating updates on the earnings results of several companies including FedEx (FDX), KB Home (KBH), Winnebago (WGO), Accenture (ACN), Darden Restaurants (DRI), and CarMax (KMX). Moreover, there will be the release of economic data pertaining to housing starts, jobless claims, manufacturing, and services.