Juneteenth Stock Market Holiday: Why Are The Markets Closed?
All U.S. stock markets are closed on Juneteenth every year to celebrate the end of slavery in the United States.
On June 19th, 1965, Union soldiers arrived in Galveston, Texas with news that the Civil War had ended and all slaves were free. This day is known as Juneteenth and marks the oldest known celebration of the abolishment of slavery.
Juneteenth became a federal holiday when President Joe Biden the Juneteenth National Independence Day Act into law.
What is the history behind the Juneteenth Holiday?
Is The Stock Market Open or Closed on Juneteenth?
Best Stocks to Buy Before Juneteenth
Every year, black owned stocks tend to perform well leading up to the Juneteenth holiday. Some of these historically strong performers include:
- Urban One (NASDAQ: UONE)
- Carver Bank (NASDAQ: CARV)
- Broadway FInancial (NASDAQ: BYFC)
In 2022, these stocks performed well up until June 12th when traders dumped the stocks and prices crashed.
Many traders are well aware of the Juneteenth spike so it’s become harder to determine when the dump will happen after a long, slow pump in price.
