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Why Are US Markets Closed September 7?
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
Wall Street is closed Monday, September 7, for Labor Day, giving investors a three-day weekend. The NYSE, Nasdaq and US bond markets resume trading Tuesday at 9:30 a.m. ET. Stocks ended last week lower after a stronger-than-expected August jobs report reshaped Fed rate expectations. Payrolls rose 162,000, well above forecasts, while unemployment held at 4.1%, pushing the odds of a 25-basis-point hike at the September 16 meeting to roughly 58-59%. This week’s focus shifts to inflation data, with Producer Price Index numbers due Thursday and Consumer Price Index data Friday, both key inputs for the Fed’s decision.
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