Investors are wondering whether the stock market will be open or closed on Monday, May 27, as Memorial Day draws near. Here’s everything you need to know about Memorial Day 2024 holiday celebration and trade schedule.
Closing of the stock market
On Monday, May 27, in honor of Memorial Day, all US stock markets—including the Nasdaq and New York Stock Exchange (NYSE)—will be closed. According to an article from USA Today, on Tuesday, May 28, both exchanges will reopen for business as usual.
Respecting the Military
One important holiday in the US is Memorial Day, which is devoted to honoring and remembering the men and women who have lost their lives while serving in the US military. This national holiday, which was also called “Decoration Day,” originated in the 1860s and has historical and patriotic importance.
Schedule of Holidays
The stock market will be open as usual after Memorial Day until the next scheduled closure on Wednesday, June 19, in honor of Juneteenth. The US stock market holiday calendar for 2024 is as follows, based on a report from USA Today:
May 27, Monday, is Memorial Day.
Wednesday, June 19, is Juneteenth.
Independence Day is on Thursday, July 4 (markets close on July 3 at 1:00 PM ET).
September 2, Monday, is Labor Day.
Thanksgiving is on Thursday, November 28, with market closures on November 29 at 1 p.m. ET.
December 25th, Wednesday, is Christmas.
customs for Memorial Day
Celebrated nationally with a variety of customs, Memorial Day is frequently regarded as the unofficial beginning of summer. Not only do office workers get to enjoy a long weekend, but many students also get the day off from school. In addition to honoring the deceased military heroes, it’s a time for get-togethers, picnics, and outdoor activities.
Observance of the Holiday by Sector Retail: Walmart and Target, among other national stores, will be open on Memorial Day. While Aldi stores will have restricted hours, Food Lion and Kroger supermarket stores will remain open during regular business hours. The Costco warehouse locations will close, anyway.
Financial Services: In addition to the Federal Reserve and big banks closing their doors for the holiday, the stock market will be closed. But you can still use ATMs and online banking as normal.
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Mail delivery on Memorial Day is not guaranteed by the US Postal Service. Due to the closure of most stores, UPS shipping services will not be available much.
FAQs:
Does the United States celebrate Memorial Day?
Following Congress’ approval of the Uniform Monday Holiday Act in June of that year, Memorial Day became an official federal holiday in 1968. In 1971, the act came into force.
On May 24, 2024, what will be open in the United States?
Most national businesses, like Walmart and Target, will be open on Memorial Day. After Congress passed the Uniform Monday Holiday Act in June of 1968, Memorial Day became an official federal holiday. 1971 saw the act go into effect.
What will be open in the United States on Memorial Day, 2024?
Target and Walmart are among the national stores that will be open on Memorial Day. Like most grocery shops owned by Kroger, all Food Lion locations will continue to operate regular hours. Aldi outlets, however, will only be open for a restricted number of hours.