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Juneteenth faces a difficult road to becoming a federal and possible market holiday

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Formal recognition of Juneteenth, a day commemorating the end of slavery in the United States, is gaining traction in corporate America, with a growing number of businesses and states acknowledging the holiday.

But the day faces a difficult road to becoming a federal holiday and a possibly even longer road to becoming a holiday for the financial markets, if history is any guide.

Twitter, Target, Nike and the NFL are among the entities closing offices, giving employees a paid day off or providing holiday pay. JPMorgan Chase and PNC will close bank branches early. This week, the governors of Virginia and New York have announced their plans to put forth legislation to make it an official…



Source cnbc.com

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