The stock market is closed today in honor of Labor Day. A hot labor market has been a key focus in markets, particularly with the Fed vowing to fight inflation until it recedes to its 2% annual target, even if that means more pain.
The U.S. stock market will be closed Monday, Sept. 5, in honor of Labor Day, a national holiday that has been celebrated on the first Monday of each September for nearly 130 years.
Average hourly earnings growth has been running at a 5% annual rate this year , but not enough to keep up with the inflation surge, which only recently has hinted at easing, with a pullback in energy CL00, +2.26% prices. Banks, post office closed for Labor Day While Labor Day marks a rare day off for the stock market, the U.S. bond market, the Postal Service and many businesses also close for the day but pay staff for the holiday.
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