US investors will likely appreciate the opportunity to soak up the sun on Memorial Day.
This year, the federal holiday falls on Monday, May 29. Less than six months into the year, markets have already had to deal with concerns about the debt ceiling, regional banks and inflation.
Despite this volatility, the main US indices performed quite well. So far this year, the
Dow Jones Industrial Average
fell by 0.2%. THE
and heavy technology
meanwhile, are up 9.5% and 24%, respectively.
If you’re looking to trade on Memorial Day, here’s what you need to know.
Is the Stock Exchange open on Memorial Day 2023?
The New York Stock Exchange and the Nasdaq Stock Market will be closed Monday for the holiday, according to Dow Jones Market Data. Over-the-counter markets and the US bond market will also be closed.
U.S. markets will resume normal trading hours on Tuesday and open at 9:30 a.m. Eastern Time.
Are international markets open or closed on Memorial Day?
The Tokyo Stock Exchange, Shanghai Stock Exchange, Hong Kong Stock Exchange, Frankfurt Stock Exchange and Paris Stock Exchange will all be open on Monday. However, the London Stock Exchange will be closed on a spring bank holiday.
What is Memorial Day?
Memorial Day, formerly called Declaration Day, is observed in the United States on the last Monday in May and is meant to honor those who died while serving in the United States military, according to Britannica.
All non-essential federal government offices, post offices, US courts and banks will be closed on Monday.
What else should I know?
When investors return after the holidays, they can expect profits from a large number of companies, including
Advanced auto parts
(LULU), among others.
They will also be able to review a range of economic data from April. The latest reading of the Institute for Supply Management Manufacturing’s Purchasing Managers Index is expected to be released, as are ADP’s private sector numbers, unemployment rate and nonfarm payrolls, according to FactSet.
Write to Emily Dattilo at firstname.lastname@example.org