Because Independence Day occurs on a Sunday this year, financial markets in the United States will be closed on Monday. At the end of normal trading on Friday, the New York Stock Exchange and the Nasdaq will close. The Securities Industry and Financial Markets Association has proposed a 2:00 p.m. Eastern close for bond trading.
The New York Mercantile Exchange will cease trading in oil futures CL.1, -0.31 percent and other energy products at 1 p.m. Eastern on Friday. Trading will resume at 6 p.m. Eastern time on Monday. After being pent up for the last year, roughly 44 million Americans are anticipated to hit the road this holiday season, despite petrol prices reaching their highest level since 2014 and rental cars remaining scarce. Read: Fasten your seatbelts: Your July 4th road trip will be costly, as petrol prices have reached a seven-year high. However, there is cause to be cautious: public health officials are keeping a close eye on the new delta version of COVID-19, which has now been discovered in all 50 states and Washington, D.C. The World Health Organization warned Thursday that fan gatherings for the Euro 2020 football event are likely to be to blame for the increase of cases there. COVID-19, on the other hand, predates risky July Fourth practices. Between 1903 and 1910, 1,531 people died as a result of “fireworks and other events during July 4th celebrations,” according to the Library of Congress. Over 5,000 Americans were hurt in 1909, prompting President Taft to call for a “Sane Fourth.” There’s a good reason to be cautious when it comes to financial markets. Thursday, the S&P 500 index SPX, +0.54 percent set a new high for the sixth day in a row. According to Dow Jones Market statistics, it, along with the Dow Jones Industrial Average DJIA, +0.38 percent and the Nasdaq Composite index COMP, +0.52 percent, had its greatest first half of the year since 2019./n
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