Today's Stock Market News & Events: 6/18/2021

Today's market-moving economic data and earnings schedule

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President Joe Biden signed legislation yesterday to make Juneteenth a federal holiday effective immediately. As reference, June 19, 1865 was the day that African-Americans were emancipated as declared by General Gordan Granger of the Union Army. As it relates to the stock market, the Securities Exchange Commission will be closed, the Federal Reserve will be open, and the Nasdaq and New York Stock Exchange will be open.

While federal workers will be given the day off, the U.S. stock markets will remain open today for the normal hours of 9:30 a.m. ET until 4:00 p.m. ET. However, the major markets and the Fed have committed to reviewing this holiday when finalizing the 2022 holiday calendars for each institution.

Today there is no economic data expected to be released. However, today won't be a quiet one. Today is also a triple witching Friday, meaning options expire, futures on indexes expire, and equities expire.

There are no earnings of note slated to be released today, June 18.

In case you missed it, Schaeffer's Market Mashup podcast is back for another episode, and so is Cboe Global Markets! Cboe's Henry Schwartz and Robert Hocking join Schaeffer's Patrick Martin to discuss the biggest mistakes options traders make when starting out. We learn the lessons they'd give to their past selves (1:33), Rob's top five mistakes he sees options traders make (4:11), Henry's own list (7:16), the broader surge in market participation from retail traders (15:00), and how to further educate yourself (19:25). Schaeffer's Market Mashup podcast comes out approximately twice a month, so be sure to subscribe to avoid missing the next episode drop!

 

 

Looking ahead to next week, the third full week of June starts out slowly but picks up pace quickly on the economic calendar. There is no economic data slated for release on Monday and Tuesday will feature just existing home sales data (SAAR) for May. Wednesday will bring Markit manufacturing and services PMI data for June as well as new home sales report for May. The initial jobless claims data will be released on its regular Thursday date in addition to continuing jobless claims, durable goods orders, nondefense capital goods orders, trade in goods, and an updated GDP. Next week will close out on Friday with the personal income report, consumer spending, and the core PCE price index.

All economic dates listed here are tentative and subject to change.

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