Veterans Day is one of the unusual trading days in the U.S. where bond markets are closed while equity bourses remain open.
Veterans Day—intended to pay homage to U.S. military servicewomen and men—kicks off on Thursday and as a result, bond markets will be closed on the federal holiday.
As for money transfers, private banks can choose to close, remain open or shorten their hours. The Federal Reserve Bank and all of its offices and branches are closed on all federal holidays, including Veterans Day. No mail will be delivered on the day. Veterans Day used to be celebrated by stock and bond markets alike, starting as far back as 1938 . Back in 1938, Veterans Day was declared a legal holiday to be celebrated on Nov. 11, known as Armistice Day. The stock market used to observe Veterans Day with a brief two-minute shutdown from 1954 to 2006, but that ended in 2007.The timing of Armistice Day fluctuated: a celebration of World War I veterans and a dedication “to the cause of world peace,” according to military.com’s website.
In 1968, under the so-called Uniforms Holiday Act, signed by President Lyndon B. Johnson, Veterans Day was moved to the last Monday of October. Another change shortly followed. In 1975, President Gerald Ford moved the holiday back to Nov. 11 starting in 1978, which stands today. That means the day on which the holiday is observed shifts, sometimes occurring outside of the regular workweek.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
All Of The Chains Offering Free Meals To Veterans This Veterans DayAs a small token of gratitude.
Les mer »
Opening times for schools on Veterans Day 2021Veterans Day brings the country together as we remember those in the military who gave their lives to protect the nation.
Les mer »
This Veterans Day, the Tomb of the Unknown Soldier Turns 100For the first time, people were allowed to walk across a part of Tomb of the Unknown Soldier usually reserved for dignitaries and sentinels
Les mer »
Texas to host football game for 90,000 fans despite Austin's cancelled Veterans Day ParadeThere's a reason Austin can host some big events, and not others, during COVID protocols.
Les mer »
'90 Day Fiancé's Big Ed Confirms He's Engaged to Girlfriend LizBig Ed confirms his engagement to his on-and-off again girlfriend Liz. 90DayFiance
Les mer »