US investors will likely welcome the chance to get some sunshine on Memorial Day.
This year, the federal holiday falls on Monday, May 29. Less than six months into the year, markets have had to contend with concerns about the debt ceiling, regional banks and inflation.
Despite that volatility, major U.S. indexes have performed quite well. So far this year,
Dow Jones Industrial Average
decreased by 0.2%. It
S&P 500:
and tech heavy
Nasdaq Composite,
Meanwhile, they increased by 9.5% and 24%, respectively.
If you want to shop on Memorial Day, here’s what you need to know.
Is the stock market open on Memorial Day 2023?
The New York Stock Exchange and Nasdaq Stock Market will be closed Monday for the holiday, according to Dow Jones Market Data. Over-the-counter markets and the US bond market will also be closed.
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US markets will resume normal trading hours on Tuesday and open at 9:30 AM Eastern.
Are international markets open or closed on Memorial Day?
Stock exchanges in Tokyo, Shanghai, Hong Kong, Frankfurt and Paris will be open on Monday. However, the London Stock Exchange will be closed for the spring bank holiday.
What is Memorial Day about?
Memorial Day, formerly called Proclamation Day, is observed in the United States on the last Monday in May and is designed to honor those who died while serving in the U.S. military, according to Britannica.
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All non-essential federal government offices, post offices, US courthouses and banks will be closed on Monday.
What else should I know?
When investors return from the holiday break, they can expect gains from a number of companies, including HP (tick: HPQ ), Hewlett Packard ( HPE ), Salesforce ( CRM ), Advance Auto Parts ( AAP ), Nordstrom ( JWN ), Dollar General (Dollar General). DG), and Lululemon ( LULU ), among others.
They will also be able to examine a range of economic data for April. According to FactSet, the latest reading of the supply management manufacturing purchasing managers’ index is scheduled to be released, along with ADP’s private sector numbers, the unemployment rate and nonfarm payrolls.
Email Emily Dattilo at emily.dattilo@dowjones.com
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