Is the Stock Market Open or Closed on Juneteenth?

Juneteenth is on Monday, June 19 this year. Also known as Juneteenth National Independence Day, Freedom Day and Jubilee Day, Juneteenth commemorates the anniversary of slavery ending in Texas.

Typically celebrated with barbecues, music, and art, Juneteenth is a day to reflect and celebrate the freedom of Black Americans. And as of June 17, 2021, Juneteenth is recognized by the federal reserve as a bank holiday. But, does this affect the stock market?

Is the Stock Market Open on Juneteenth?

The U.S. stock market will be closed on Juneteenth, including NASDAQ and the New York Stock Exchange. The stock market will be closing as normal on Friday, June 16, and will not reopen until Tuesday, June 20. The U.S. bond market will be closed as well. Take the opportunity to remember why we celebrate and enjoy a break from trading this June 19.

When Did Juneteenth Become a Federal Holiday?

President Biden signed Juneteenth into law on June 17, 2021, making it a federal holiday for Americans to remember and celebrate the end of slavery in the United States.

Juneteenth is also recognized by the Federal Reserve. The majority of banks are likely to be closed on Juneteenth or operating on modified hours.

On What Days Is The Stock Market Closed?

The stock market closes for a total of 10 holidays per year. Independence Day is the next stock market holiday, which falls on Tuesday, July 4. The markets will close early on Monday, July 3, and reopen on Wednesday, July 5.

The stock markets will also be closed on Labor Day, Thanksgiving Day and Christmas Day in 2023. Be sure to take a look at the stock market closure calendar to keep up with all stock market holidays in 2023.

History of Juneteenth: Key Takeaways

Here are some more takeaways as to the importance of this federal holiday:

• President Lincoln signed the Emancipation Proclamation on January 1, 1863, granting all enslaved people their freedom. However, there were very few Union soldiers in Galveston to enforce this new decree.

• On June 19, 1865, Union General Gordon Granger arrived in Galveston to announce that all enslaved African Americans were free, nearly two and a half years after the Emancipation Proclamation. June 19 is now recognized as the true end of slavery in the United States.

• After being granted their freedom, celebrations were held in churches and on Black-owned land. Some even made yearly pilgrimages back to Galveston to reconnect with their ancestors. The Juneteenth tradition has grown with each generation, and has evolved into the festivals, speeches and parades seen today.

Final Take To GO

Juneteenth is the newest federal holiday, meant for celebrating the freedom of Black Americans. The stock market will be closed on Juneteenth, and banks likely will be too. Be sure to check your individual branch for more information. For a list of all stock market holidays in 2023, check the stock market closure calendar.

FAQ

Here are the answers to some of the most frequently asked questions about the stock market holiday closures and Juneteenth.

• Is the stock market closed on Juneteenth?

  • Yes, the U.S. stock market will be closed on Monday, June 19 for Juneteenth National Independence Day. The market will be closing at its usual time of 4 p.m. EST on Friday and reopening on Tuesday for normal business hours.

• Is the New York Stock Exchange open on Juneteenth?

  • No, the New York Stock Exchange will not be open on Juneteenth. The NYSE will be closing at its normal time on Friday and opening back up on Tuesday for normal business hours.

This article originally appeared on GOBankingRates.com: Is the Stock Market Open or Closed on Juneteenth?