OOfficially known as Juneteenth National Independence Day, Juneteenth is celebrated this year on Sunday June 19th and Monday June 20th nationally. How is Juneteenth affecting the stock market?
Is the stock exchange open or closed on June 16th?
June 16 is a US stock market holiday when the US stock market, including the Nasdaq and the New York Stock Exchange (NYSE), is closed. As June 16 falls on a Sunday this year, the bank holiday will be recognized on Monday June 20, 2022, with markets also closing on that day. This means that if the market closes at 4:00 p.m. Eastern Time on Friday, June 15 this year, it will not reopen until Tuesday, June 21 at 9:30 a.m. Eastern Time.
The trade-free day gives time to celebrate and commemorate the emancipation of enslaved African Americans.
Can you still trade stocks on June 16th?
There are no active trading hours on June 16th.
Is June 16th a public holiday?
In 2021, June 16 has been declared a US federal and public holiday. June 11 is one of the eleven recognized federal holidays in the United States. Because the holiday falls on a Sunday this year, the following Monday, the 20th, will be treated as a federal holiday, meaning all non-essential federal agencies are closed, including the Bundesbank and post office.
Are the banks closed on June 16, 2022?
Juneteenth is one too Holiday As recognized by the US Federal Reserve, commercial banks and other financial institutions are likely to be closed or have significantly different hours. That US bond market will also remain closed on June 20, 2022.
What is June 16?
June 16, also known as Emancipation Day, Freedom Day, Jubilee Day, and Black Independence Day, is a holiday that occurs annually on June 19 to commemorate the freedom and emancipation of African Americans who were enslaved before June 19, 1865.
Two and a half years after President Abraham Lincoln issued the Emancipation Proclamation on January 1, 1863, June 16 marks the day General Gordon Granger promulgated the Union Army General Order No. 3, proclaiming freedom for those still in Texas , the last Confederate state that still had institutional slavery. Since then, June 16 has been celebrated not only as a commemoration of emancipation, but also as a general celebration of African American culture.
When did June 16 become a federal and stock exchange holiday?
June 16 has not always been recognized as a US federal holiday. Just last year, on June 17, 2021, President Joe Biden signed the Juneteenth National Independence Day Act recognizing June 16 as a future federal holiday.
Before June 16 was recognized as a federal holiday, June 16 was still a popular holiday, particularly in the black community. The celebrations date back to 1866 when members of the congregation gathered and celebrated their freedom, which then spread throughout the South.
During the 1900s, June 16 celebrations spread across the country, particularly after the civil rights movement of the 1960s, with an emphasis on African American art and liberty in the 1970s. Texas was the first state to officially recognize the holiday in 1938, and by 1979 49 US states had also officially recognized the holiday in various ways.
June 16 is celebrated in Mexico even by descendants of the black Seminoles who escaped slavery in 1852 and made their way to Coahulia, Mexico, now referred to as Mascogos.
You cannot separate peace from freedom, for no one can be at peace unless he has his freedom.
The next US stock market holiday is Independence Day, which will take place on July 4, 2022 this year.
The US stock market celebrates nine public holidays and one early closing each year: Martin Luther King, Jr. Day, President’s Day, Good Friday, Memorial Day, Juneteenth, Independence Day, Labor Day, Thanksgiving (with an early closing at 1:00 p.m. EST ). the following day, also known as Black Friday), and on Christmas Day.
To keep up to date with changed trading hours and see a full list of holidays when markets are closed, go to the 2022 stock market holiday calendar.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.