The stock market closes early on Thursday and remains closed on Friday, July 4. While American celebrate the Fourth of July, financial markets are taking a long weekend as well. The New York Stock Exchange closed at 1 p.m. July 3 and will remain closed throughout the weekend, reopening on July 7.

Here's what you need to know about the stock market and whether it is open or closed on the Fourth of July this year.

As Americans celebrate Independence Day with fireworks and parades, many businesses and services will alter their hours or close altogether for the Fourth of July. As is standard practice, U.S. stock markets will be closed on Friday in observance of Independence Day.