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How the markets observe Juneteenth and how it could impact trading

Wall Street will pause Monday to mark Juneteenth, which will become a federally recognized holiday in 2021.

and there will be nothing stock trading The US stock market will be closed.

The US bond market is also closed, so no US Treasuries can be traded.

Equity futures trade on a shortened schedule until 1:00 p.m. ET.

Big banks issue harsh warnings on stock market rally

The NYSE sign on the floor of the New York Stock Exchange. (Seth Wenig, Files/AP Newsroom)

Metals and energy futures trade until 2:30 p.m. ET.

Trading was halted after the stock fell on Friday, but it still ended a five-game winning streak, the longest since November 2021.

ticker safety last change change %
Me: DJI dow jones average 34299.12 -108.94 -0.32%
SP500 S&P500 4409.59 -16.25 -0.37%
I:Comp NASDAQ Composite Index 13689.571331 -93.25 -0.68%

Shares are nearing their highest level since April 2022.

The S&P 500 fell 16.25 points, or 0.4 percent, to 4409.59 after tumbling all day.

Fed warns tightening credit terms could slow US growth

Fed Chairman Jerome Powell

U.S. Treasury yields also rose, with the 10-year Treasury note rising to 3.76% from 3.72%. (Al Drago/via Bloomberg/Getty Images)

The Dow Jones Industrial Average fell by $108.94, or 0.3%, to $34,299.12, while the Nasdaq Composite fell by $93.25, or 0.7%, to $13,689.57.

U.S. Treasury yields also rose, with the 10-year Treasury note rising to 3.76% from 3.72%.

The 2-year bond yield, which has been rocked by expectations for the Fed, rose to 4.72% from 4.65%.

The Fed kept its base rate unchanged at its meeting last week.

Fed officials may need to raise interest rates to fight inflation

New York Stock Exchange with flag

The Fed has raised rates at 10 consecutive meetings since March 2022. (Photo by Lucas Jackson/Reuters)

It may just be a moratorium, as the central bank has warned it could raise rates two more times this year.

The next Fed meeting is scheduled for July 25-26, and Wall Street is betting on rate hikes.

The Fed has raised interest rates 10 times in a row since March 2022. Its goal was to slow the economy to curb inflation, but not enough to trigger a recession.

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The Fed’s meeting was preceded by a report showing inflation continued to cool in May.

With just a few economic updates on the housing market, the coming week will be fairly quiet for investors.

Michael Goldstein of FOX Business and Associated Press contributed to this report.

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