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Does the stock market close on June 16?


For the first time in history, the US stock market will be closed for observation on June 13.

The New York Stock Exchange and Nasdaq will be closed Monday, June 20, keeping track of the latest federal holiday, adding it to a list of market holidays including Thanksgiving Day and Christmas Day. born.

June 13 — also known as Emancipation Day, Black Independence Day, and Jubilee Day — commemorates the end of slavery in the United States. Here’s what to know about the markets that close on June 13.

Is the US stock market open on June 13?

The stock market will be closed on Monday to comply with the public holiday, which this year falls on a Sunday.

The US stock exchanges decide the stock market holiday schedule in coordination with the regulators. New York Stock Exchange, owned by

Intercontinental Exchange Inc.

ICE -4.77%

and other stock exchanges in the US will close, including Nasdaq and

Cboe Global Markets Inc.

CBOE 0.26%

The NYSE indicated in 2021 that it Will June 13 be accepted as a holiday this year?after reaching out to market participants to seek holiday consensus.

Are the bond and commodity markets closed on June 13?

The U.S. bond market will close, halting trading in government bonds, mortgage-backed and property-backed securities, corporate bonds, municipal bonds, and some other assets on May 13. Six.

CME Group Inc.’S

CME -1.35%

Markets for US commodities such as wheat, corn, oil and copper will also be closed.

Will banks and post offices close on June 13?

The Federal Reserve Banks and most major Wall Street banks will be closed for the holiday. Non-member banks may also close. The United States Postal Service will closed many activitiesincluding the post office.

A celebration June sixteenth last year in Los Angeles.


Image:

patriarch t. Fallon Image / Agence France-Presse / Getty

What is the meaning of the sixteenth of June?

June 13 marks June 19, 1865 — about two months after the end of the Civil War, and about two and a half years after President Abraham Lincoln issued the Emancipation Proclamation, freeing those enslaved in the Union Confederacy — when Major General Gordon Granger arrived at the Union Army in Galveston, Texas, and ordered that the last of those enslaved in Texas be announced that they were free.

The 13th Amendment to the Constitution’s ban on slavery was ratified in December 1865, although slavery continued in some countries for several years.

When did sixteenth become a federal holiday?

President Biden signed on June 13 into law on June 17, 2021, retaining its status as Memorial Day, Veterans Day, and other federal holidays.

The holiday has received national attention after new global protests over racial equality flared up in 2020. Congressional leaders from both parties said establishing the holiday was one important gesture in recognition of those subjected to American slavery and as an act of racial reconciliation.

This is the first new federal holiday since Martin Luther King Jr Day. was created in 1983.

This article may be updated.

Navigating the bear market

Write to Hardika Singh at [email protected]

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