The U.S. stock market will be closed on Sept. 1 (local time) for Labor Day. As this day is a federal holiday, not only the securities market but also the bond market will take a day off.
Labor Day in the United States falls on the first Monday of September each year. This holiday was first established in 1984 to improve workers' rights and welfare and promote a stable life.
The market will resume normal operations on the 2nd, which will be the first trading day of September.
Meanwhile, on the previous trading day, Aug. 29, the Dow Jones Industrial Average closed at 40,544.88, down 0.20% from the previous trading day. The Standard & Poor's (S&P) 500 index finished at 6,460.26, down 0.64% from the previous day, while the Nasdaq index recorded a decline of 1.15%, closing at 21,455.55.