Stock Market Closure
United States stock markets, including the Nasdaq and New York Stock Exchange (NYSE), will be closed on Monday, May 27, in observance of Memorial Day. As per a report by USA Today, both exchanges will resume regular trading hours on Tuesday, May 28.
Honoring Armed Forces
Memorial Day is a significant holiday in the United States, dedicated to honoring and remembering the men and women who have died while serving in the U.S. military. Originally known as “Decoration Day,” it dates back to the 1860s and holds historical and patriotic significance for the nation.
Holiday Schedule
Following the Memorial Day closure, the stock market will operate as usual until the next scheduled closure on Wednesday, June 19, in observance of Juneteenth. As per the USA Today report, here’s a look at the United States stock market holiday schedule for 2024:
Memorial Day: Monday, May 27
Juneteenth: Wednesday, June 19Independence Day: Thursday, July 4 (markets close at 1 p.m. ET on July 3)Labor Day: Monday, Sept. 2
Thanksgiving: Thursday, Nov. 28 (markets close at 1 p.m. ET on Nov. 29)
Christmas: Wednesday, Dec. 25
Memorial Day Traditions
Memorial Day, often considered the unofficial start of summer, is celebrated nationwide with various traditions. Many students have the day off from school, and office workers enjoy a long weekend. It’s a time for gatherings, barbecues, and outdoor activities, while also paying tribute to fallen military heroes.
Holiday Observance by Sector
Retail: Most national retailers will remain open on Memorial Day, including Walmart and Target. Food Lion and Kroger grocery stores will operate during regular hours, while Aldi stores will have limited hours. However, Costco warehouse stores will be closed.
Financial Services: Alongside the stock market closure, major banks and the Federal Reserve will also observe the holiday. However, ATMs and online banking services will be accessible as usual.
Postal Services: The United States Postal Service will not deliver mail on Memorial Day. UPS shipping services will have limited availability, with most stores closed.
FAQs
Is Memorial Day an American holiday?
Memorial Day was established as an official federal holiday in 1968, following the passage of the Uniform Monday Holiday Act by Congress in June of that year. The act took effect in 1971.
What is open on Memorial Day 2024 in the USA?
On Memorial Day, most national retailers will remain open, including Walmart and Target. All Food Lion locations will maintain regular hours, as will the majority of grocery stores under Kroger. However, Aldi stores will operate on limited hours.
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