This year is collectively known as National Independence Day Juneteenth, Juneteenth this year will be celebrated on Sunday, June 19, and federally on Monday, June 20. How does June affect the stock market?
What Is Juneteenth?
Juneteenth is a celebration of Black history and freedom whose celebration for years went relatively unnoticed by White Americans. It rose in prominence following 2020’s sweeping protests against racial injustice when dozens of corporations moved to give their employees the day off. In 2021, Congress designated it a federal holiday. The New York Stock Exchange and the Securities Industry and Financial Markets Association will observe Juneteenth as a market holiday beginning in 2022.
Is Juneteenth A Federal Holiday?
In 2021, Juneteenth is considered a federal and public holiday in the United States. Juneteenth is one of eleven recognized federal holidays in the United States Since the holiday falls on a Sunday this year, the Monday following the 20th will be considered a federal holiday, which means all non-essential federal government offices will be closed, including federal banks and post offices.
Juneteenth is also a Bank Holiday recognized by the US Federal Reserve, so commercial banks and other financial institutions may be closed or have very variable hours. The US Bond market will also close on June 20, 2022.
Juneteenth is a US Stock Market Holiday, during which the US Stock Market, including Nasdaq and the New York Stock Exchange (NYSE), is closed. Since June 13 falls on a Sunday this year, the holiday will be recognized on Monday, June 20, 2022, and markets will be closed on that day as well. This means that when this year’s market closes at 4 p.m. ET on Friday, June 15, it won’t reopen until 9:30 a.m. ET on Tuesday. , June 21.
Trading Day is a time to celebrate and remember the liberation of enslaved African Americans.
Is The Stock Market Closed On Juneteenth 2022?
Juneteenth is not always recognized as a federal holiday in the United States. It was only last year that President Joe Biden signed the sixteenth National Independence Day Act on June 17, 2021, recognizing June 16 as a future federal holiday.
Before Juneteenth was recognized as a federal holiday, Juneteenth was still a popular holiday, especially among the black community. Celebrations date back to 1866, where church community members would gather and celebrate their freedom, then spread throughout the South.
Stock Market Holiday
The next holiday of the US stock market will be Independence Day, which will take place on July 4, 2022 this year.
The US Stock Market celebrates nine holidays and an early close each year: Martin Luther King, Jr. Day, Presidents Day, Good Friday, Memorial Day, Juneteenth, Independence Day, Labor Day, Thanksgiving (closes early at 1pm EST the next day, also known as Black Friday), and Christmas Day.
You are looking forward to Juneteenth 2022, a particularly important day. Wear our shirts below to celebrate the most unique Juneteenth 2022.
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