New York stock markets will close on Monday as Independence Day is celebrated in the United States last Sunday. July 4, 1776 was a national holiday during which the United States adopted the Declaration of Independence. Business on Wall Street will resume on Tuesday.
The New York indices rose again this weekend on Friday after a better than expected employment report from the US government. In addition to inflation, employment growth plays a key role in the umbrella system of US Federal Reserve interest rate policy. The main Dow Jones industrial average ended the day with a gain of 0.4% to 34,786.35 points. The broad S&P 500 rose 0.8 percentage points to 4,352.34 points, while the technical benchmark Nasdaq rose 0.8% to 14,639.33 points.
Next week, the focus will be on releasing the minutes of the last central bank policy meeting. In particular, investors will be looking for signs of reducing support measures, while weighing comments on interest rate measures.
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