November 15, 2021

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…

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