The Nasdaq Stock Market and New York Stock Exchange will be closed on Friday in observance of the Fourth of July. Bond markets will also be closed, as will NYSE American Equities, NYSE Arca Equities, NYSE National, NYSE Texas, and NYSE options markets. These exchanges and markets will reopen at their regular times on Monday, 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.

Wall Street and global equities are at all-time highs, but there is still a possibility that they will plummet if Trump's trade war takes a negative turn.