US stock and bond markets will be closed on Monday June 20, the June 16 holiday commemorating the end of slavery.
Officially known as Juneteenth National Independence Day, it became a federal holiday last July after President Joe Biden signed a law. The legislation was passed unanimously by the Senate and was overwhelmingly approved by the House. It’s the first national holiday created by Congress in nearly four decades.
Juneteenth, which is celebrated by many on June 19 each year, is a day marking the end of slavery in the United States in 1865. It was on this date that Union General Gordon Granger read the proclamation of emancipation to the people of Galveston, Texas, approximately 2½ years after the proclamation was issued on January 1, 1863.
June 19 this year falls on a Sunday, so the holiday will be observed on Monday with the closure of US financial markets, including the New York Stock Exchange and Nasdaq.
This means there is no trading for US stocks and major indices, including the Dow Jones Industrial Average DJIA,
S&P 500 SPX,
and Nasdaq Composite COMP,
The Security Industry and Financial Markets Association, an industry group whose members include major investment banks, broker-dealers and asset managers, also advised a complete market shutdown, including bond markets that trade securities. ‘State such as the 10-year Treasury TMUBMUSD10Y,
and mortgage and asset-backed securities. The association has agreed to incorporate the day into its regular vacation schedule.