U .S. proprietary trading outfit Jane Street has been accused by the Indian Securities and Exchange Board of index manipulation on its exchanges and walloped with a financial penalty of around $570 million, based on its “illegal gains” as the board judged them.

By Jayshree P Upadhyay, Ira Dugal and Scott Murdoch MUMBAI (Reuters) -Indian regulators barred U.S. securities trading company Jane Street from the local market until further orders and seized $567 million of its funds,

India’s stock market regulator has banned Jane Street from dealing securities in the country, accusing the New York-based trading firm of a “sinister scheme” to manipulate derivatives markets. The Securities and Exchange Board of India said its decision to limit Jane Street’s access to India’s securities markets stemmed from a months-long investigation.

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.

No. United States stock markets are closed on Friday, July 4, 2025. According to the New York Stock Exchange and Nasdaq websites, their markets also close early (at 1 p.m.) on Thursday, July 3. The Federal Reserve considers the Fourth of July a bank holiday, meaning most banks will be closed.

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.