When Is Memorial Day 2024?
Memorial Day 2024 falls on Monday, May 27, 2024. It is a federal holiday in the United States observed on the last Monday of May each year. Many businesses, banks, and government offices close for the day. Stock markets, including the New York Stock Exchange and Nasdaq, typically observe the holiday as a scheduled trading break.
What Is the Meaning of Memorial Day?
Memorial Day honors U.S. military personnel who died while serving in the armed forces. Originally known as Decoration Day, it originated after the Civil War and was officially recognized as a federal holiday in 1971. Many Americans observe the day with ceremonies, cemetery visits, and moments of remembrance.
How Does Memorial Day Affect Travel and Markets?
Memorial Day weekend marks the unofficial start of summer and is one of the busiest travel periods in the United States. Airports, highways, and hotels see higher demand, which can affect transportation and hospitality costs. For finance and investing, the holiday creates a short trading week, often influencing volume and liquidity in equities and commodities markets. Learn more about federal holidays and market schedules at NYSE Market Hours.
