Labor Day 2021 is here. Some exchanges are closed over the long weekend.
CHANDAN KHANNA/AFP via Getty Images
Text size
Labor Day in the U.S. is here, and that means an extended weekend for traders and investors alike as stocks regularly set fresh record highs.
Heading into the weekend, U.S. equities continued their upward march, boosted by technology stocks after private payrolls data on Wednesday suggested the Federal Reserve might not have to taper its bond purchases as soon as expected. The Fed has kept interest rates low and asset prices high by buying bonds.
The
S&P 500
and
Dow Jones Industrial Average
traded lower Friday after the government’s broader report on August hiring came in far short of expectations. The more contagious Delta variant of Covid-19 weighed on hiring, raising more concerns over economic growth.
While Hurricane Ida this week shut down much of U.S. oil production and refining capacity, boosting oil prices, financials proved to be the dogs of the index. Wells Fargo was the worst S&P 500 component for the week, while Capital One was third-worst.
The Labor Day holiday harks back to the 19th century labor movement during the height of the Industrial Revolution. New York City celebrated the first Labor Day on Sept. 5, 1882, and two years later President Grover Cleveland made the first Monday in September a national holiday.
Is the Stock Market Open on Labor Day 2021?
The New York Stock Exchange and Nasdaq are both closed on Monday, Sept. 6. The same is true for U.S. over-the-counter markets. They’ll reopen on Tuesday at 9:30 a.m. Eastern Standard Time. U.S. bond markets will also be closed on Monday.
In Canada, the Toronto Stock Exchange is also closed Monday for what that country calls Labour Day. Generally, other international markets are open, including the London Stock Exchange, Shanghai Stock Exchange, Hong Kong stock exchange, and Tokyo Stock Exchange.
How Will Covid-19 Impact Labor Day?
Rochelle Walensky, the director of…
Read More: Is the Stock Market Open Today? Here Are the Hours on Labor Day 2021.