The United States stock markets will observe the Labor Day holiday and remain closed on Monday, September 4th. Both the Nasdaq and New York Stock Exchange will be inaccessible on Monday and will resume trading at 9:30 a.m. ET on Tuesday, September 5th. Additionally, the U.S. bond market will also be closed on Monday.
Labor Day is an annual celebration recognized by the U.S. Department of Labor, honoring the social and economic accomplishments of American workers. The origins of this holiday date back to the late nineteenth century when labor activists advocated for a federal holiday to acknowledge the significant contributions of workers to America’s strength, prosperity, and well-being.
The very first Labor Day holiday was observed on September 5, 1882, in New York City, as per the plans of the Central Labor Union. President Grover Cleveland signed a law on June 28, 1894, designating the first Monday in September of each year as a national holiday, as outlined by the Department of Labor.