{"id":15251,"date":"2023-05-29T10:28:42","date_gmt":"2023-05-29T14:28:42","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/is-the-u-s-stock-market-closed-on-memorial-day\/"},"modified":"2023-05-29T10:28:44","modified_gmt":"2023-05-29T14:28:44","slug":"is-the-u-s-stock-market-closed-on-memorial-day","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=15251","title":{"rendered":"Is the U.S. stock market closed on Memorial Day?"},"content":{"rendered":"
\n

The U.S. stock market is closed on Monday, May 29 for Memorial Day, as is the bond market, but the trading session for bonds also ended early Friday at 2 p.m. Eastern, ahead of the long holiday weekend.<\/p>\n

Investors have been glued to developments on the U.S. debt-ceiling impasse in recent days, with talks in Washington looking somewhat promising on Friday for an agreement to be reached to avert bringing the U.S. to the brink of a default.<\/p>\n

\n

Read<\/strong>: Here\u2019s what\u2019s in the emerging debt-ceiling deal \u2014 such as a cut to the IRS<\/p>\n

Trading has been volatile in U.S. debt, especially in short-term Treasury bills due around the June 1 \u201cX-date,\u201d or when Treasury Secretary Janet said the government is likely to run out of enough funds to coverall its bills, without a deal to suspend or increase the current $31.4 trillion\u00a0U.S. borrowing limit.<\/p>\n

The rate on the 1-month
\n TMUBMUSD01M,
\n 5.549%<\/bg-quote>
\n T-bill, issued on May 9 and maturing on June 6, was at 5.649% Friday, down 139.2 basis points from 7.041% two days ago, writes MarketWatch\u2019s Vivien Lou Chen. The 10-year Treasury yield
\n TMUBMUSD10Y,
\n 3.806%<\/bg-quote>
\n was near 3.8% Friday.<\/p>\n

Related:<\/strong> Here are 3 key things to know about markets and the debt-ceiling fight as Memorial Day weekend approaches<\/p>\n

Stocks finished higher on Friday as well, but with the Dow Jones Industrial Average
\n DJIA,
\n +1.00%<\/bg-quote>
\n booking a 1% decline for the week, according to FactSet. The S&P 500 index
\n SPX,
\n +1.30%<\/bg-quote>
\n rose 0.3% weekly gain, while the Nasdaq Composite Index
\n COMP,
\n +2.19%<\/bg-quote>
\n gained 2.2% for the week, powered by excitement around Nvidia Corp.\u2019s
\n NVDA,
\n +2.54%<\/bg-quote>
\n earnings and optimism around AI technologies. The S&P 500 and Nasdaq also both closed Friday at their highest levels since August 2022.<\/p>\n

Also see<\/strong>: Memorial Day weekend: Is the post office delivering mail on Monday? Are banks open?<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. stock market is closed on Monday, May 29 for Memorial Day, as is the bond market, but the trading session for bonds also ended early Friday at 2 p.m. Eastern, ahead of the long holiday weekend. Investors have been glued to developments on the U.S. debt-ceiling impasse in recent days, with talks in […]<\/p>\n","protected":false},"author":1,"featured_media":15252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-15251","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nIs the U.S. stock market closed on Memorial Day? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The U.S. stock market is closed on Monday, May 29 for Memorial Day, as is the bond market, but the trading session for bonds also ended early Friday at 2\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=15251\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is the U.S. stock market closed on Memorial Day? 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