United States stock markets will be closed on Monday, Sept. 2 in observance of the Labor Day holiday .

The Nasdaq and New York Stock Exchange will reopen on Tuesday, Sept. 3. The U.S. bond market will also be closed Monday, according to the Securities Industry and Financial Markets Association .

The holiday celebrates "the social and economic achievements of American workers" and is rooted in the late nineteenth century, when labor activists pushed for a federal holiday "to recognize the many contributions workers have made to America's strength, prosperity, and well-being," according to the U.S. Department of Labor

The first Labor Day was celebrated on Tuesday, Sept. 5, 1882, in New York City, and by 1894, 23 more states had adopted the holiday. President Grover Cleveland signed a law making the first Monday in September of each year a national holiday on June 28, 1894.

United States stock market 2024 holiday schedule

Markets will be closed on the following holidays:

This article originally appeared on USA TODAY: Is the stock market open on Labor Day 2024? See holiday schedule