Wall Street to remain shut on Monday: trading in Dow, S&P 500 to resume on Tuesday

US stock market holiday (September 4): The US stock markets will remain closed on Monday, September 4 on account of the Labor Day holiday. Trading in the three main Wall Street indices, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite, will resume the next day, September 5.

What is Labor Day?

The United States observes Labor Day on the first Monday of September. It is an annual celebration of the social and economic achievements of American workers.

What’s the significance of the US Labor Day?

The day is rooted in the late 19th century when labour activists pushed for a federal holiday in the US to recognise the many contributions made by workers to the strength, prosperity and well-being of the country, as per the official website of the US Department of Labor.

When will the Wall Street open next after the Labor Day holiday?

The US stock markets will resume normal trading on Tuesday, September 5, at 7 pm IST, and will remain open till is 1:30 am IST.

Here’s a full list of Wall Street holidays this year, according to the Nasdaq website:

US stock market holiday calendar 2023

Source: Nasdaq

How the Wall Street indices fared on Friday, September 1

On Friday, the blue-chip indices S&P 500 and the Dow Jones finished 0.2 per cent and 0.1 per cent higher, respectively, while the technology stocks-heavy Nasdaq Composite ended flat. The session saw muted trade after an official reading released by the US Labor Department showed a sequential increase in unemployment in the world’s largest economy in August, driving expectations of a pause in benchmark interest rates this month with a slowing wage growth. Shares of streaming firms tumbled due to a rate dispute between Disney and Charter Communications.

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