U.S. stock markets will be closed Monday in honor of Juneteenth.
In recognition of the federal holiday, the Nasdaq and New York Stock Exchange will close at 4 p.m. Eastern on Friday and reopen for the regular trading session at 9:30 a.m. Tuesday. The U.S. bond market will also close for the holiday.
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Juneteenth commemorates the end of slavery in the United States. It’s one of the 10 official U.S. stock market holidays, and the first federal holiday approved since Martin Luther King Jr. Day in 1983. The next federal holiday will be Independence Day, with markets closing early on Monday, July 3 and reopening July 5.
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When is Juneteenth?
Juneteenth is on June 19.
What is Juneteenth? Why is it a holiday?
This year’s Juneteenth celebrates the 158th anniversary of the day when some 2,000 Union troops arrived in Galveston Bay, Texas to enforce the Emancipation Proclamation and free the last enslaved Black Americans. The day came over two years after President Abraham Lincoln declared all enslaved persons free.
The holiday is also known as Freedom Day or Emancipation Day.
© Jennifer Reynolds, AP
Sam Collins III, left, and others celebrate at the Juneteenth historical marker on June 17, 2021, in Galveston, Texas, after President Joe Biden signed the Juneteenth National Independence Day Act into law. Communities all over the country will be marking Juneteenth, the day that enslaved Black Americans learned they were free. For generations, the end of one of the darkest chapters in U.S. history has been recognized with joy in the form of parades, street festivals, musical performances or cookouts. Yet, the U.S. government was slow to embrace the occasion. (Jennifer Reynolds/The Galveston County Daily News via AP, File)
Do US banks recognize Juneteenth?
The Federal Bank Reserve recognizes Juneteenth as a holiday, which means most banks will be closed Monday.
Is Juneteenth a federal holiday?
President Biden signed the Juneteenth National Independence Day Act into law in June 2021, which made Juneteenth a federal holiday. It passed the Senate with unanimous consent and reached near-consensus in the House, with 14 Republican lawmakers voting against the bill.
When did Juneteenth become a federal holiday?
Juneteenth was designated a federal holiday in 2021. U.S. financial markets observed the holiday for the first time in 2022.
This article originally appeared on USA TODAY: Juneteenth is the next federal holiday in 2023. Will the stock market be closed?