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Wall Street Wrestles With Abrupt Arrival of Juneteenth Law (5)

June 18, 2021, 11:27 AM

Wall Street banks and financial exchanges are grappling with how to observe Juneteenth, the June 19 federal holiday signed into law by President Joe Biden Thursday to commemorate the end of slavery in the U.S.

Most government workers will be granted paid time off June 18 as the holiday falls on Saturday this year, but the same won’t be true for the financial markets. Before deciding whether to close, U.S. exchanges -- primarily the New York Stock Exchange and Nasdaq -- rely on input from several participants including banks, broker-dealers and regulators.

Joe Biden signs the Juneteenth National Independence Day Act during a ceremony in the East Room of the White House on June 17.
Photographer: Oliver Contreras/Sipa/Bloomberg

The Federal Reserve Board’s offices in ...

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