What Is Veterans Day

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What is Veterans Day?

Background

Veterans Day, formerly known as Armistice Day, is a federal holiday in the United States observed annually on November 11, the anniversary of the end of World War I (known as Armistice Day). The holiday honors all those who have served in the U.S. Armed Forces.

Stock Market History and Connection to Veterans Day

The New York Stock Exchange (NYSE) has a long and storied history with Veterans Day. The NYSE was founded in 1792, and it has been a major center of global finance ever since. In 1918, the NYSE closed on November 11 to honor the end of World War I. This was the first time that the NYSE had closed for a holiday other than Christmas.

The NYSE has continued to close on Veterans Day every year since 1918. The closing of the NYSE on Veterans Day is a symbolic gesture to honor the service and sacrifice of all those who have served in the U.S. Armed Forces.

Impact of Veterans Day on the Stock Market

The closing of the NYSE on Veterans Day has a small impact on the stock market. The market is typically closed for a half-day on Veterans Day, and trading volume is typically lower than on other days of the week. However, the closing of the NYSE does not typically have a significant impact on the overall direction of the market.

Other Stock Market Holidays

In addition to Veterans Day, the NYSE is also closed on the following holidays:

The closing of the NYSE on these holidays is a way to honor important national events and to give employees a day off.

Conclusion

Veterans Day is a federal holiday in the United States that honors all those who have served in the U.S. Armed Forces. The New York Stock Exchange has closed on Veterans Day every year since 1918 to honor the service and sacrifice of all those who have served. The closing of the NYSE on Veterans Day has a small impact on the stock market, but it is a symbolic gesture that is appreciated by many.