Financial markets in the U.S., including the Nasdaq and New York Stock Exchange, will be closed on Monday, May 29th, in observance of Memorial Day.
A federal holiday in the United States, Memorial Day is observed every year on the last Monday of May. It began as Decoration Day after the American Civil War in 1868 when an organization of Union veterans established it as a time for the nation to decorate the graves of the war dead with flowers. Currently, Memorial Day honors the memory of men and women who died while serving in the United States military.
Since it’s a federal holiday, most federal offices will also be closed and most federal employees will be off work. Additionally, the United States Postal Service will not be making any deliveries. Many banks will also be closed; be sure to check your local branch for more information.
There are nine market holidays in a year – they are:
- New Year’s Day
- Martin Luther King, Jr. Day
- Presidents’ Day
- Good Friday
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
Market half-day holidays may include July 3 or 5, the day after Thanksgiving, and/or Christmas Eve, depending on how the calendar falls in a given year. In these cases, Nasdaq will close at 1:00 pm Eastern Standard Time. This year, the half-day holidays fall on Monday, July 3 and Friday, November 24. You can see the Nasdaq holiday calendar here.