U.S. financial markets will be closed Monday in observance of Memorial Day to honor and remember the brave men and women who died serving their country.
Ian Winer, an advisory board member of Drexel Hamilton, believes that the U.S. is severely handicapped in its standoff with China. Winer noted that the prolonged fight is already making itself felt on the U.S. economy with “stunningly” weak manufacturing numbers. The Dow Jones Industrial Average DJIA, +0.37% the S&P 500 SPX, +0.14% and the tech-laden Nasdaq COMP, +0.11% are all down sharply for the month with the trio of indexes on pace for their first loss in May in seven years.Regular trading for oil CLN19, +1.92% on the New York Mercantile Exchange and metals GCM19, -0.09% on the Comex will be closed for the holiday. CME Group said it “will not derive or disseminate settlement prices for CME, CBOT, NYMEX or COMEX” on Monday.
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