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Is the Stock Exchange closed for June 16, 2022?

A number of questions have proliferated regarding this upcoming June 16 holiday. Specifically, many investors want to know: Is the stock market closed for Juneteenth?

The answer is yes.

While June 19 falls on a Sunday (June 19), the market will be closed on Monday for this new federal holiday. June 19 because vacations have been around for a very long time. It is, according to the National Park Service, “the oldest known American celebration of the abolition of the slave system and the emancipation of enslaved African Americans in Texas.” For civil rights activists, the highlighted today received was a great victory in raising awareness of racial injustice.

The federal government has made June 16 a federal holiday. Last year when President Joe Biden signed into law the June 19 National Independence Day Act. And with a number of private companies jumping on board, reports indicate that around 30% of the American workforce will get the day off as a result of this new holiday. With the New York Stock Exchange and Nasdaq too closed for business Monday means dozens of traders, analysts and investment bankers are also likely to have the day off.

Is the Stock Exchange closed for Juneteenth?

This will be the first year that the stock market will be closed to commemorate Juneteenth.

Some companies, like Nike (NYSE:OF), will be closing their doors Sunday to commemorate this holiday. Many other companies are following suit.

As of the date of publication, Chris MacDonald had (neither directly nor indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.

Chris MacDonald’s love of investing has led him to pursue an MBA in finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative long-term investment outlook.

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2/ https://investorplace.com/2022/06/is-the-stock-market-closed-for-juneteenth-2022/

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