Here’s what you need to know about markets and the July Fourth U.S. holiday

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U.S. financial markets will be closed Monday in honor of Independence Day, and while many Americans are happy to be traveling after a year of lockdown, there...

The New York Stock Exchange and the Nasdaq will shut at the end of regular trade Friday. The Securities Industry and Financial Markets Association has recommended an early close for bond trading at 2:00 p.m. Eastern.

Trading in oil futures CL.1, -0.15% and other energy products on the New York Mercantile Exchange will halt at 1 p.m. Eastern on Friday. Trading will resume at its regular time of 6 p.m. Eastern Monday. The holiday may feel especially festive this year: after being cooped up for the past year, nearly 44 million Americans are expected to take to the road, even as gas prices hit their highest since 2014 and rental cars remain scarce.But there’s still reason to be cautious: public-health officials are nervously watching the new delta variant of COVID-19, which has now been found in all 50 states and Washington, D.C.

Risky July Fourth practices long predate COVID-19, however. The Library of Congress notes that there were 1,531 deaths between 1903 and 1910 from “fireworks and other incidents during July 4th celebrations.” In 1909, more than 5,000 Americans were injured, leading President Taft to appeal for a “Sane Fourth.”

There may be some reason to approach financial markets with some caution, as well. The S&P 500 index SPX, +0.45% closed at a fresh record Thursday, its sixth in a row.. It and the Dow Jones Industrial Average DJIA, +0.32% and Nasdaq Composite index COMP, +0.46% booked their best first half of the year since 2019, according to Dow Jones Market data.

 

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