WASHINGTON, June 30, 2015 – Independence Day is always celebrated on July 4 and should be in the future, unless the Supreme Court decides to make some cockamamie ruling on whether we should even celebrate it. Until then, however, that’s the law of the land, except that if July 4 happens on a weekend, as it does this year, the day before or the day after the official holiday becomes a day off your 9-5 job.
For Wall Street, this means no trading this Friday in stocks or bonds. For your convenience, here are the details:
Friday: All U.S. equity, option and fixed income (bond) markets will be closed for the federal observation of Independence Day. Neither pre- nor after-market (after hours) trading will be held Friday as well.
Wednesday: Canadians have a holiday this week as well. It’s Canada Day, celebrated this year on Wednesday, July 1. Canadian markets will be closed to both Canadian and U.S. traders that day as well. Americans trading Canadian stocks on July 1 will generally have trades routed to U.S. markets that day if they are traded on U.S. markets. Otherwise, those trades will be canceled if not executed by COB (4 p.m. EDT) July 1. Canadian markets are open on Friday. But U.S. orders placed for Canadian stocks after U.S. market close on Thursday will be routed to Canadian exchanges for trading on Monday.
Note: With two different national holidays occurring in one week, American and Canadian investors expecting to trade in either country’s securities this week should check with their individual brokerage houses for details.