Memorial Day 2023: Stock Market Closure Confirmed.

The US stock market will be closed on Memorial Day, and the US bond market will also take the day off. However, the futures market will react to the news of a tentative agreement between Democrats and Republicans to raise the nation's debt ceiling. Wall Street ended the week with solid gains, boosted by tech stocks, with the S&P 500 rising 1.3%, the Dow Jones Industrial Average rising 1%, and the tech-heavy Nasdaq rising 2.2%. Marvell Technology surged 32.4% after the chipmaker said it expects AI revenue in fiscal year 2024 to at least double from the prior year.