US Markets Close For Labor Day As Fed Rate Bets Shift

Wall Street is closed on Monday, September 7, for the Labor Day holiday. Both the New York Stock Exchange and Nasdaq will give investors a well deserved three day weekend. Normal trading hours resume on Tuesday morning at 9:30 a.m. Eastern Time.

Traditional markets closed out last week on a lower note. A surprisingly strong August jobs report hit the indexes hard, forcing investors to rethink what the Federal Reserve might do next with interest rates. US payrolls grew by 162,000, which beat forecasts, while the unemployment rate held steady at 4.1 percent.

While traditional stocks and bonds take a breather, crypto markets keep moving around the clock. Traders are watching to see if Bitcoin and major altcoins will react to the shifting macroeconomic mood once Wall Street opens its doors again on Tuesday.