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The New York Stock Exchanges are Closed for Independence Day

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The New York stock exchanges are closed on Friday due to Saturday’s celebration of Independence Day in the United States.

 

Fourth of July is a national holiday celebrating the adoption of the United States Declaration of Independence on July 4, 1776. Trading on Wall Street starts again on Monday.

On Thursday, trade on Wall Street was dominated by the rising number of coronavirus infections and the new job report. Records of daily new infections with the lung virus have been broken several times in the country in recent days.

It was also announced that 4.8 million jobs were added in June, excluding agriculture. That was more than average economists had expected, which led to optimism about the economic recovery from the corona crisis.

The Dow-Jones index ended 0.4 percent higher on Thursday at 25,827.36 points. The broad S&P 500 rose 0.5 percent to 3,130.01 points, and tech exchange Nasdaq gained 0.5 percent to 10,207.63 points.

Next week, the focus on New York stock exchanges will mainly focus on developments surrounding the coronavirus. Investors will closely monitor the extent to which governments in different states reverse restrictions or introduce new restrictions to limit the spread of the lung virus.

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