US Independence Day (July 4) holiday: Wall Street to remain shut on Tuesday; Dow to resume trading the next day

Wall Street July 4 market holiday: The three main US stock market benchmarks — the Dow Jones Industrial Average (DJIA), the S&P 500, and the Nasdaq Composite — remained unavailable for trading on Tuesday, July 4, on account of the US Independence Day holiday (also known as the Fourth of July holiday).

Trading on Nasdaq and NYSE — the two main US stock exchanges — will resume on Wednesday, July 5.

The history of US Independence Day celebrated, on July 4 every year

On July 4, 1776, the Proclamation of the Declaration of Independence declared the United States of America (USA) a sovereign nation. This marked the end of British dominance, which started in 1607. This declaration gave the USA independence from British rule, and every year since then, it has been celebrated as Independence Day in the US.

And as with all holidays, the stock markets and exchanges have also been closed as the whole country celebrates.As trade has been suspended, Americans now enjoy the holiday with beer, barbecue, and firecrackers.

How the US stock market fared on July 3

On Monday, the S&P 500 rose 5.21 points, or 0.1 per cent, to end at 4,455.6, the DJIA gained 10.9 points, or 0.1 per cent, to 34,418.47, and the tech stocks-heavy Nasdaq Composite went up 28.9 points, or 0.2 per cent, to 13,816.8 in a shorter-than-normal session. The Russell 2000 index, representing Smallcap stocks, increased 8.1 points, or 0.4 per cent, to settle at 1,896.8.

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