US Market Holiday 2025: The largest economy, the US is honoring Memorial Day on Monday, May 26th. Memorial Day is a federal holiday, so the majority of cities in the country are practicing public and school holidays. Accordingly, trading in the Dow Jones, S&P 500 and Nasdaq will be closed.
US Stock Market Holiday 2025:
There are two main exchanges of Wall Street namely NYSE and Nasdaq. As per their holidays list, memorial day is a trading holiday. Hence, investors both domestic and foreigners will not be able to trade in equities, derivatives and other market-related instruments.
However, US stock futures in the international market were available for trading.
Memorial Day 2025:
For this occasion, US' 47th President Donald Trump said, "Memorial Day is a sacred day of remembrance, reverence, and gratitude for the brave patriots who have laid down their lives in service to our great Nation. Throughout our history, brave men and women have been called to defend the cause of liberty on foreign shores in defense of our homeland. Their noble sacrifices are marked by flag-draped coffins and the silent sorrows of those left behind. We must never forget those who have given everything for our country," as per the White House.
"We are eternally indebted to our Nation's fallen heroes. On this solemn day, as we honor their sacrifice, the First Lady and I ask all citizens to join us in prayer that Almighty God may comfort those who mourn, grant protection to all who serve, and bring blessed peace to the world," Trump added.
Memorial Day is a federal holiday on May 26, to honour and mourn the military personnel of the USA that died while serving this country. Citizens visits cemeteries and memorials to mourn the fallen military personnel.
US Stock Futures On Monday:
After Trump announced to extend of the deadline for the implementation of 50% tariffs on European products, the US stock futures jumped sharply on Monday.
The Dow Jones Industrial Average Index Futures surged by 365 points 0.9% to 42,039, while the Nasdaq-100 Futures jumped by 255.50 points or 1.2% to 21,229.50. Also, the S&P 500 Index Futures climbed by 57.75 points or 0.99% to end at 5,874.75.
As per Trading Economics, President Donald Trump announced a delay in imposing a 50% tariff on the European Union, extending the deadline to July 9. In a post on Truth Social, Trump said he decided on a call with European Commission President Ursula von der Leyen. Von der Leyen confirmed the conversation, describing it as a "good call" and noting that more time is needed to "reach a good deal."
It added the move comes after a turbulent week for markets, with mounting concerns over the US fiscal outlook and trade tensions weighing heavily on investor sentiment. The Dow dropped 2.47%, the S&P 500 fell 2.61%, and the Nasdaq Composite declined 2.47% last week. Apple shares also took a sharp hit, plunging 7.57% last week as Trump warned that iPhones sold in the US must be manufactured domestically or face a minimum 25% tariff. US markets are closed on Monday for the Memorial Day holiday.
US Market Latest:
Last week, on May 23, Dow Jones closed at 41,603.07, down by 256.02 points or 0.61%. Further, the tech-heavy index Nasdaq Composite slipped by 188.53 points or 1% to end at 18,737.21. Additionally, the S&P 500 index shed 0.67% or 39.19 points to finish at 5,802.82.
US Market Weekly Outlook:
Nathan Peterson, Senior Derivatives Analyst at Charles Schwab, in his weekly outlook note, said, "Heading into next week, I think market performance will primarily be driven by three factors: 1) potential EU tariff increases and if so, subsequent EU reciprocal tariffs 2) Nvidia earnings/guidance on Wednesday and 3) Treasury yields. Those factors are not in order of importance, they are all potential market movers, and each is subject to a level of variance."
He added, "Trump's recommendation to impose a 50% tariff on the EU was not an executive order, and while we don't know whether it is posturing or not, the EU said last week that they have readied countermeasures towards the U.S. if negotiations break down. Next, if you've been paying attention to recent AI-related earnings reports, or increased power demand because of AI, you would think that Nvidia is set to deliver strong quarterly results, but the AI darling is not immune to potential surprises."
From the technical perspective, Peterson's note said, "I'm encouraged by the SPX's bounce off its 200-day SMA this morning, but any negative trade developments could put this near-term support level in jeopardy. Therefore, while I acknowledge that next week holds a higher probability for a volatility-inducing headline, my primary forecast is "Slightly Bullish." What could challenge my outlook? The most likely culprits in my view are a trade-related "tape bomb" or a push higher in longer-term Treasury yields."
On Tuesday, key data on Consumer Confidence, Durable Goods, the FHFA Housing Price Index, and the S&P Case-Shiller Home Price Index will be released. These factors will play a role in driving the sentiment on Wall Street.
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