Memorial Day is like a chill day to remember those who gave their lives while serving in the U.S. military. It’s a federal holiday that falls on the last Monday in May. Back in the day during the Civil War, people started putting flowers on soldiers’ graves in the spring, and that’s how this whole thing got started. Originally called Decoration Day, it now honors all military peeps who died in service.
Now, when it comes to the stock market, things get a bit fancy. The New York Stock Exchange loves a long weekend, so after closing shop early on Friday, May 23 (like, at 1 p.m.), it stays shut until Tuesday, May 27. So, if you were planning to make some stock moves on Memorial Day, think again because the market is closed. It’s like a break for the traders to remember the fallen heroes or just chill at home, who knows.
And guess what? Banks are also in on the Memorial Day party. Major bank branches will be closed too because, hey, it’s a federal holiday, and everyone deserves a day off now and then. So, don’t go lining up at the bank on Memorial Day thinking you’re going to sort out your money stuff because those doors will be locked tight. Oh, and the United States Postal Service is taking a break too, so no mail will be coming your way – just like a little break from all those bills and junk mail, am I right?
