The stock exchanges in New York will remain closed on Monday due to the celebration of Independence Day in the United States last Sunday. Fourth of July is a national holiday celebrating the adoption of the United States Declaration of Independence on July 4, 1776. Trading on Wall Street will resume on Tuesday.
New York indexes moved even higher into the weekend on Friday after a better-than-expected jobs report from the US government. In addition to inflation, job growth plays an important role in the interest rate policy of the Federal Reserve, the umbrella organization of US central banks. The leading Dow Jones index closed the session with a 0.4 percent gain at 34,786.35 points. The broad S&P 500 gained 0.8 percent to a new record high of 4352.34 points and the technology gauge Nasdaq rose 0.8 percent to also a record 14,639.33 points.
Next week, attention will be focused on, among other things, the publication of the minutes of the latest Fed policy meeting. In particular, investors will look for indications about the possible phasing out of support measures, while comments about possible interest rate steps are weighed.
–
