Skip to main content

The United States Stock and Bond Markets Will Be Closed on Monday to Commemorate Juneteenth

In honor of Juneteenth, the stock and bond markets in the United States will be closed Monday. Some earnings reports, annual shareholders’ meetings, and economic data releases will be released this week when investors return.

FedEx FDX +2.04%, BlackBerry, and Darden Restaurants DRI +2.11% will publish their quarterly results on Thursday; while CarMax will release its results on Friday. Mastercard and Activision Blizzard both have annual shareholder meetings on Tuesday.

Thursday will see the publication of the June Manufacturing and Services Purchasing Managers’ Indexes from S&P Global. Both are likely to continue in strongly expanding territory, albeit way down from their levels earlier in the economic cycle.

Several indicators of the U.S. housing market will be released this week, including Mortgage Bankers Association distributing its weekly applications survey on Wednesday, and the Census Bureau providing fresh residential sales statistics for May on Friday. All three of these organizations will release their data on Tuesday, Wednesday, and Friday.

On Monday, June 20th, markets are closed on Juneteenth, which is a federal holiday.

On Tuesday, June 21st, second-quarter fiscal-2022 figures from Lennar were released.

Annual shareholder meetings are held by Activision Blizzard, Mastercard, and MetLife.

The National Activity Index for May has been released by the Federal Reserve Bank of Chicago. Rather than the 0.47 recorded in April, economists are predicting a result of 0.41. Since September of last year, the indicator has been in the green, indicating that the economy is growing faster than it has in the past.

Existing-home sales were reported for May by the National Association of Realtors. Seasonally adjusted yearly sales of 5.37 million houses are expected, 240,000 lower than in April, according to economists. In April, home sales fell to their lowest level since June 2020 because of record-high house prices and the highest 30-year fixed mortgage rates since 2008.

On Wednesday, June 22nd

The Mortgage Bankers Association has issued its weekly applications survey for the week ending June 17. This is a leading indicator of housing and mortgage financing activity. It just touched a 22-year low because of a 75 percent drop in year-over-year demand for refinancing loans.

On Thursday, June 23rd

Immediately after the market’s closing, FedEx will release its quarterly financial results. After announcing a 53% dividend boost and the appointment of two new independent members to its board, shares of the global freight carrier rose by 11.2 percent last week.

Companies including BlackBerry, Darden Restaurants, and FactSet Research Systems are holding conference calls to discuss their quarterly results.

Following a 54-year low in claims in March, claims have recently averaged 218,500, close to pre-pandemic levels. That the job market has been unusually robust is deteriorating, as are announcements of layoffs in IT and real estate.

S&P Global has issued its June Purchasing Managers’ Indexes for manufacturing and services. The Manufacturing PMI is forecast to be 56.3, while the Services PMI is expected to be 54. May saw 57 and 53.4, respectively.

On Friday, June 24th

First-quarter fiscal-2023 profits have been released by CarMax.

For May, the Census Bureau has released fresh statistics on home sales. Single-family house sales are expected to reach 590,000 units a year, which is around the same level as in April. For new-home sales, which account for approximately 10 percent of the housing market, sales are down more than 40 percent from their post-financial crisis high.

The post The United States Stock and Bond Markets Will Be Closed on Monday to Commemorate Juneteenth appeared first on Best Stocks.

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.