Memorial Day is a federal holiday that honors those who gave their lives in U.S. military service. It all started during the Civil War when people started putting flowers on the graves of soldiers in the spring. Back then, it was called Decoration Day, but now it’s known as Memorial Day. This special day is observed on the last Monday in May every year.
Now, let’s talk about the stock market and banks. So, the New York Stock Exchange decides to take a break for a long weekend after closing early at 1 p.m. on Friday, May 23. They will be back in action on Tuesday, May 27. Oh, and by the way, the stock market in the U.S. will be closed on Monday, May 26, 2025, for Memorial Day. It will be the sixth time this year that they’re taking a break.
As for the banks, they will also be closed on Memorial Day because, well, it’s a federal holiday. So, don’t plan on doing any banking transactions on that day. And guess what? The United States Postal Service will also be closed on Memorial Day, so no mail for you. It’s a day to remember and honor those who sacrificed their lives for our country, after all. So, kick back, relax, and enjoy the day off.
