Is the U.S. stock market closed on Memorial Day? Here's what to know.
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 Washington looking somewhat promising on Friday for an agreement to be reached to avert bringing the U.S. to the brink of a default.Trading has been volatile in U.S.
The rate on the 1-month TMUBMUSD01M, 5.549% 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’s Vivien Lou Chen. The 10-year Treasury yield TMUBMUSD10Y, 3.806% was near 3.8% Friday. Related: Here are 3 key things to know about markets and the debt-ceiling fight as Memorial Day weekend approaches
Stocks finished higher on Friday as well, but with the Dow Jones Industrial Average DJIA, +1.00% booking a 1% decline for the week, according to FactSet. The S&P 500 index SPX, +1.30% rose 0.3% weekly gain, while the Nasdaq Composite Index COMP, +2.19% gained 2.2% for the week, powered by excitement around Nvidia Corp.’s NVDA, +2.54% earnings and optimism around AI technologies. The S&P 500 and Nasdaq also both closed Friday at their highest levels since August 2022.
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