U.S. financial markets, banks to be closed on Fourth of July

Though fireworks will be opening up over the skies on July 4, U.S. financial markets will be closed in observance of the Independence Day holiday.

U.S. stock exchanges will halt trading at 1 p.m. EDT on Tuesday and remain closed through July 4.

Meanwhile, the CME Group’s Globex, which operates options and futures exchanges, will have only partial disruptions to its normal schedule. According to the company, its crude oil and energy markets will observe a normal close and settlement time on Tuesday. But on July 4, the market will halt at 1 p.m. EDT and reopen at 6 p.m. EDT.

And the Securities Industries and Financial Markets Association recommends bond markets halt on Tuesday at 2 p.m. EDT and stay closed July 4.

Banks, including Bank of America, PNC and Capital One, will be closed on the holiday as well.