Here's what Memorial Day means for U.S. financial markets.
Monday, May 30, marks Memorial Day, a U.S. holiday in honor of the men and women who fell in military service that has also come to mark the unofficial start to summer,
Stocks scored strong weekly gains ahead of the holiday break, with the Dow Jones Industrial Average DJIA, +1.76% breaking a streak of eight straight weekly declines — its longest since 1932, according to Dow Jones Market Data. The S&P 500 SPX, +2.47% and Nasdaq Composite COMP, +3.33% ended a run of seven weekly declines.
Bond traders, meanwhile, got an early jump on the holiday. The Securities Industry and Financial Markets Association, an industry trade group, recommended a 2 p.m. Eastern close for U.S. fixed-income trading on Friday. Trading will be closed on Monday.
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