US equity and bond markets are closed on Friday, July 3, in observance of the Independence Day holiday.

Because July 4 falls on a Saturday this year, the market holiday has been moved to the preceding Friday.

Trading in US-listed instruments will remain suspended until Monday morning.

The closure coincides with the nation’s 250th anniversary of independence, a historic milestone that has drawn widespread attention.

However, the celebratory mood is tempered by severe weather conditions.

A wave of extreme heat is sweeping across the United States, testing the stability of the energy grid and the resilience of the world’s largest economy.