Wall Street is closed for Independence Day in the US

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Stock markets in the USA will remain closed today Monday, July 4 due to the Independence Day holiday (4th of July) which is a federal holiday in the United States.

Bond and commodity markets, including those for US gold and oil, will also be closed today.

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On July 2, 1776, the Continental Congress voted for independence from the British crown, and two days later delegates from the 13 colonies finalized the Declaration of Independence. The 4th of July holiday was established by an act of Congress on June 28, 1870.

The holiday comes shortly after closing out a nightmare first half for the market, with the S&P 500 posting its worst first-half performance in 52 years. The tech Nasdaq posted its worst six-month performance in history.

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The S&P 500 has lost about 20% since the start of the year, while the Dow Jones is down 14% and the Nasdaq is down 29%.

Source: Capital

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