US stock market traders and investors are concerned whether the exchanges will be open or closed on Monday, May 27. The US market will be closed on Monday, May 27, for Memorial Day, giving investors an extended weekend.

Memorial Day is a U.S. Stock Market Holiday, during which the U.S. Stock Market, including the Nasdaq and New York Stock Exchange (NYSE), is closed. This means that when the markets closed on Friday, May 24, they will not open until Tuesday, May 28.

Memorial Day is one of eleven designated federal holidays in the United States, which means that all non-essential federal government institutions, including banks and post offices, will be closed.

Memorial Day is also a Bank Holiday recognized by the United States Federal Reserve, therefore commercial banks and other financial institutions will most likely be closed or have modified hours. The United States Bond Market will also be closed on Memorial Day, with an early closing on Monday, May 27 at 2 p.m.

The US Stock Exchange annually celebrates nine holidays and one early close, including New Year’s Day, Martin Luther King Jr. Day, President’s Day, Good Friday, Memorial Day, Juneteenth, Independence Day, Labor Day, Thanksgiving, and Christmas Day.

S&P 500 is up by over 11% YTD, thanks to the rally in AI and tech stocks. With inflation remaining stocky, many analysts have revised their rate cut predictions to just one or none in 2024. Inflation will take center stage in a holiday-shortened week with the Friday release of the Personal Consumption Expenditures (PCE) index, indicating whether price pressures continued to decrease in April.

Investors will be looking at tech earnings this week, with Salesforce (CRM) and Dell (DELL) likely to draw attention. Retailers will also be in the limelight, with Costco (COST) and Dollar General (DG) among those reporting this week.

Housing market data and consumer confidence are also on the agenda, and this is the final week for Federal Reserve officials to talk before the blackout period ahead of their next meeting. The next FOMC meeting is taking place on June 11-12 where the Summary of Economic Projections will also be released.