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Just realized Juneteenth is coming up in June and wondering is the stock market closed now on that day? Yeah, it's a federal holiday so all the major exchanges shut down - NYSE, Nasdaq, the whole thing. Pretty important to know if you're planning trades.
So apparently Juneteenth goes back to 1865 when Union soldiers finally brought news to Texas that slavery had ended. The Emancipation Proclamation was supposed to free everyone back in 1863, but Texas didn't get the memo until June 19th. That's why it's celebrated on that date every year. Biden made it an official federal holiday back in 2021, which is when the stock market started closing for it too.
This year Juneteenth falls on a Thursday, so is the stock market closed now on that day? Yeah, completely shut down. Bond markets too. Everything reopens Friday morning at 9:30 a.m. ET for a shortened week. Honestly didn't realize how significant this holiday was until I started looking into why the markets close. It's about celebrating freedom and remembering the history of emancipation in America. A lot of people use the day to connect with cultural organizations, watch performances, or just reflect on what freedom means to them. Pretty cool that the financial markets recognize it.