U.S. investors will likely welcome a chance to grab some sunshine 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 grapple with worries about the debt ceiling, regional banks, and inflation.
Despite that volatility, the major U.S. indexes have performed fairly well. So far this year, the
Dow Jones Industrial Average
has dropped 0.2%. The
and the tech-heavy
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 Market Open on Memorial Day 2023?
The New York Stock Exchange and the Nasdaq Stock Market will be closed on Monday in observance of the holiday, according to Dow Jones Market Data. Over-the-counter markets and the U.S. bond market will be shut, too.
U.S. markets will resume normal trading hours on Tuesday and open at 9:30 a.m. Eastern.
Are International Markets Open or Closed on Memorial Day?
The Tokyo Stock Exchange, the Shanghai the Exchange, the Hong Kong Stock Exchange, the Frankfurt Stock Exchange, and the Paris Stock Exchange will all be open on Monday. However, the London Stock Exchange will be closed in observance of a spring bank holiday.
What Is Memorial Day About?
Memorial Day, which was formerly called Declaration Day, is celebrated in the United States on the last Monday of May, and is meant to honor those who passed away while serving in the U.S. military, according to Britannica.
All non-essential federal government offices, post offices, U.S. courts, and banks will be closed on Monday.
What Else Should I Know?
When investors return after the holiday, they can expect earnings from a slew of companies including
Advance Auto Parts
(LULU), among others.
They’ll also be able to examine an array of April economic data. The latest Institute for Supply Management Manufacturing Purchasing Manager Index reading is slated to be released, as are ADP’s private sector figures, the unemployment rate, and nonfarm payrolls, according to FactSet.
Write to Emily Dattilo at email@example.com
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