Is the stock market open Labor Day?

By republicmonews Team

Wall Street will pause on Monday to mark the Labor Day holiday. There will be no trading in stocks as U.S. equity markets will be closed.

Introduction

U.S. Treasury markets will also be closed, so no trading in bonds. Stock futures will trade on an abbreviated schedule. They will trade until 1 p.m. ET.

Energy and metals will trade until 2:30 p.m. ET. U.S. stocks reversed all gains on Friday to close lower across the board despite the solid monthly jobs report for August.

Job growth moderated from a torrid pace the previous month, as growing headwinds from higher interest rates, scorching-hot inflation and mounting recession fears took hold.

Employers added 315,000 jobs in August, matching Refinitiv economists' projection. The July gain of 526,000 was the largest since April 2021.

Mark Hamrick, chief economic analyst at Bankrate.com, said the jobless rate rose 0.2% to 3.7%. "Unemployment jumped 344,000 to 6 million."

The Dow, S&P, and Nasdaq all dropped 4.1% in August. Worst August since 2015. Oil fell over 12% to $96.49 per barrel in commodities.