Is The Market Open On Labor Day?
Portfolio Pulse from Piero Cingari
On Labor Day, September 2, 2024, U.S. stock markets, including NYSE and Nasdaq, will be closed, pausing trading activities. The bond market and most financial institutions will also be closed. International markets remain open, but ETFs like iShares MSCI ACWI ETF won't trade. Trading resumes on September 3, with key economic indicators to watch, including ISM Manufacturing PMI and labor market data.
September 02, 2024 | 12:17 pm
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NEUTRAL IMPACT
The iShares MSCI ACWI ETF, which tracks global equities, will not trade on Labor Day as NYSE Arca is closed. This pause may affect investors tracking global markets through this ETF.
The closure of NYSE Arca on Labor Day means that the iShares MSCI ACWI ETF will not be available for trading. This is significant for investors who use this ETF to track global equities, as they will not be able to make trades or adjustments on this day. However, the impact is neutral as it is a known and scheduled closure.
CONFIDENCE 100
IMPORTANCE 70
RELEVANCE 80