United States stock markets will close early on Devin GrosvenorWednesday, July 3 and will remain closed on Thursday, July 4 in observance on the Independence Day holiday.
The Nasdaq and New York Stock Exchange will close at 1 p.m. ET on Wednesday and reopen on Friday, July 5. The U.S. bond market will also be closing early Wednesday, with the market scheduled to close at 2 p.m. ET, according to the Securities Industry and Financial Markets Association.
The origins of the Fourth of July date back to when Philadelphians marked the first anniversary of American independence with a "spontaneous celebration," which is described in a letter by John Adams to his daughter, Abigail, according to the Library of Congress. However, the annual observation of the holiday only became a regular occurrence after the War of 1812, where events such as groundbreaking ceremonies for the Erie Canal and the Baltimore and Ohio Railroad were scheduled to coincide with Fourth of July festivities. Congress passed a law making Independence Day a federal holiday on June 28, 1870.
After closing for the Fourth of July, it will be business as usual on Wall Street until early September. The next scheduled stock market closure is on Monday, Sept. 2, in observance of Labor Day.
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Gabe Hauari is a national trending news reporter at USA TODAY. You can follow him on X @GabeHauari or email him at [email protected].
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