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Traders are enjoying a mid-week break in the U.S., with stock markets – including the NYSE and NASDAQ – closed in observance of Independence Day. The bond market and U.S. commodities markets, including gold and oil futures, will also be closed on Thursday.
What’s open? Futures linked to the Dow (INDU), S&P 500 (SPX) and Nasdaq 100 (NDX.IND) are active, but the contracts are largely unchanged at the time of writing, following an impressive first half of the year for stocks. Bitcoin (BTC-USD) is down 3.6% to $58,839, with the crypto trade never taking a day off.
According to AAA, nearly 71M people will be on the move over July Fourth week, exceeding pre-pandemic totals. 87% of Americans plan to celebrate the red, white and blue, per the National Retail Federation, with consumers spending a total of $9.4B on food for Independence Day. 31% of those celebrating also intend to purchase patriotic items.
Schedule this week: The New York Stock Exchange and NASDAQ closed at 1 PM ET on July 3 and bond markets closed at 2 PM. Trading will resume as normal for all markets on July 5, with many tuning in to June’s non-farm payrolls report published by the U.S. Labor Department.