Will the stock and bond markets recognize Juneteenth with closures? It’s complicated
The Juneteenth holiday commemorating the end of slavery in the U.S., is closer to being named a new federal holiday after the House on Wednesday voted 415-14 to make it a national holiday.
President Biden was expected to sign the bill into law on Thursday afternoon, making it a holiday on par with Memorial Day, Independence Day, Labor Day, and the 10 federal holidays.
However, from a Wall Street perspective, there’s no guarantee that that day will immediately translate to a day officially recognized on Wall Street, if the Martin Luther King Jr. holiday is any guide.
Juneteenth, which is celebrated annually by many on June 19, is a day commemorating the end of slavery in the U.S. in 1865. It was on that date that Union Gen. Gordon Granger read the Emancipation Proclamation to African-Americans in Texas, roughly 2½ years after the proclamation was issued…