Business
The Stock Market Is Closed on July 3, But Trading Volume Is Normal
The stock market is closed tomorrow, but traders aren’t getting out of town early.
Volume across U.S. exchanges was at 8.73 billion shares traded through noon ET on Thursday, which is actually slightly higher than an average day this year at 8.7 billion, according to Dow Jones Market Data. It’s also higher than the average of 8.4 billion shares traded.
When traders smell a long weekend, sometimes that can spark slow days on Wall Street. Perhaps the jobs report, or the latest chip selloff, kept traders at their desks. Or the robots are running the market more than ever.
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Originally published on July 1, 2026
By Jennifer Nash
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Jersey Mike’s profits shot up last year, though the sandwich chain said that sales growth has been mixed in recent months as it gears up for a potential public offering this year.
The New Jersey-based sub sandwich maker said Thursday in its initial registration filing that net income jumped to $55 million in its 2025 fiscal year, up from $5 million the year before, due to more royalties and lower founder-related discretionary expenses. Same-store sales grew 2.3% in the 13 weeks ended June 28, down from 3.6% in the previous year’s period.
New marketing and a chicken salad offering have helped in June, the chain said. “We are building a brand with global, long-term endurance,” CEO Charlie Morrison said in the fling.
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