In 1980, Juneteenth became a holiday in Texas.
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Investors may take some time to relax on June 16.
Traders faced a number of issues in 2023, such as inflation, the Federal Reserve, and artificial intelligence.
That said, the markets managed to float higher. So far this year, the
Dow Jones Industrial Average
gained 3.5%, the
S&P500
increased by 15%, and heavy technology
Nasdaq Compound
climbed 31%.
Here’s what to expect if you’re looking to trade on Monday June 19th.
Is the stock market closed on June 16?
The New York Stock Exchange and the Nasdaq Stock Market will be closed Monday for Juneteenth, 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.
Will international scholarships be open?
The Hong Kong Stock Exchange, London Stock Exchange, Paris Stock Exchange, Frankfurt Stock Exchange, Tokyo Stock Exchange and Shanghai Stock Exchange will all be open on Monday.
What is Juneteenth and is it a federal holiday?
Juneteenth National Independence Day, or simply Juneteenth, has its roots in the American Civil War and is one of 11 federal holidays observed in the United States.
President Abraham Lincoln declared enslaved people in the Confederate States to be free when he issued the Emancipation Proclamation in 1863, according to Britannica. However, African Americans living in Texas didn’t know about it until June 19, 1865, when Union soldiers arrived in Galveston and shared the news.
Texas observed the first June 19 celebrations in 1866, with the Lone Star State making it a statutory holiday in 1980. Some other states did the same, Britannica notes, before June 19 became a federal holiday in 2021.
What should I watch this week?
Investors can expect results
fedex
(symbol: FDX),
Knowledge base home
(KBH),
winnebago
(WGO),
Accenture
(ACN),
Dard Restaurants
(IRD), and
CarMax
(KMX). Economic data on housing starts, unemployment insurance claims, manufacturing and services are also expected to be released.
Write to Emily Dattilo at emily.dattilo@dowjones.com