Markets Are Closed Monday For Martin Luther King Jr Day

By April 19, 2022October 14th, 2023Forex Trading

Stock market holidays are non-weekend business days when the two major U.S. stock exchanges, the New York Stock Exchange (NYSE) and the Nasdaq, are closed for the day. These days often closely follow federal holiday schedules and include major holidays like Independence Day and Thanksgiving. Below, we feature a full schedule of all stock market and bond market holidays for 2023. Please note that the list of stock market holidays actually grew by one day in 2022. That’s because Congress voted in 2021 to make Juneteenth – the June 19 holiday commemorating the end of slavery – the 12th federal holiday.

As mind-boggling as it might be, the birthday of Confederate general Robert E. Lee is still celebrated in some states and the observance falls on the same day as MLK Day. It’s a state holiday in Alabama and Mississippi (in conjunction with MLK Day) and it’s observed in Florida, though schools and offices are not closed for it. Additionally, headwinds facing consumers that include a drawdown in excess savings, student loan repayments and higher borrowing costs could weigh on markets. Such was Dr. King’s legacy, a federal holiday is now observed on the third Monday in January, to coincide with his January 15 birthday.

Additional bond market holidays

Stock and bond markets in the U.S. will be closed Monday,
January 18 in observance of Martin Luther King, Jr. Day, offering traders a
short break from what’s already been a hectic year. Although private-sector employees may not get the following days off, a federal holiday means non-essential federal government offices are closed and banks, post offices and schools may also be closed. No, U.S. stock markets and most banks are closed Monday. Stock and bond markets in the U.S. will be closed Monday, January 17 in observance of Martin Luther King, Jr.

The pre-market trading hours of the NYSE are from Monday through Friday, opening at 8.00 AM Eastern Time and closing at 9.30 AM Eastern Time. While the New York Stock Exchange and Nasdaq are closed, stock futures will be active, including contracts linked to the Dow (DJI), S&P 500 (SP500) and Nasdaq Composite (COMP.IND). All three of the major averages have had an impressive start to 2023, soaring 3.5%, 4.5% and 6.6%, respectively.

  • Day, offering traders a
    short break from what’s already been a hectic year.
  • Everyone from Walmart to Target to Home Depot to Walgreen’s and CVS will likely be open, though perhaps with adjusted hours.
  • However, when traders talk about the NASDAQ, they are not always referring to the exchange itself, but to the NASDAQ Composite Index, a statistical measure of a part of the market.

An investor might also improve their financial literacy by reading a dividend investing guide to learn more about stocks to short, trading volumes, the most active stocks, or market liquidity. All this reflection about the market often gives investors insights on how to improve their investment strategy. No, similarly to the stock market, banks will be closed on Monday as it is a federal holiday. With the summer winding down, check out the holiday calendar for the stock and bond markets.

For instance the NYSE and Nasdaq close at 1 pm the day after Thanksgiving, on Christmas Eve (if it falls on a weekday) and on July 3 (if both it and July 4 fall on a weekday). A new year means that traders are keeping a close eye on their portfolio and looking at the financial opportunities that may arise. A big part of making your financial plans is knowing what dates during the year that the United States stock market is open. This guide will lay out all of the dates in 2022 that the United States stock market will be closed for holidays.

What days is the stock market closed for a holiday in 2023 to 2026?

You can check out his thoughts on the markets (and more) at @KyleWoodley. A Level 1 or Level 2 breach halts trading for a minimum of 15 minutes. A Level fxtm broker reviews 3 rout halts trading for the remainder of the trading day. Circuit breakers were first introduced after the Black Monday crash of October 1987.

Here is what needs to happen for the S&P 500 to hold on to this year’s gains

In honor of Dr. Martin Luther King Jr.’s birthday, the stock and bond markets will be closed on Monday. Banks will also be closed as MLK Day is one of 11 bank holidays for the year. Day became a federal holiday in 1983, when it was signed into law by then President Ronald Reagan. The three-day weekend marks the second stock market holiday of 2023, as the equities market was closed on Monday, Jan. 2, in observance of New Year’s Day. Both the stock and bond markets will be closed this Monday in honor of civil rights leader Martin Luther King Jr.

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“For the market to function effectively, you need buyers and sellers,” says Charles Sizemore, principal of Sizemore Capital Management. “This is why the stock market has set hours that happen to correspond to the East Coast workday. You want the maximum number of traders buying and selling at the same time. The three major stock exchanges are the New fxcm canada review York Stock Exchange (NYSE), the National Association of Securities Dealers Automated Quotation System (NASDAQ), and the American Stock Exchange (AMEX). Statistically, pre-holiday and post-holiday mood changes can affect equities. Stocks markets gain on the day before a holiday, and the volume of trading can be ten times larger after a holiday.

Yes—and it’s actually a great day to go as there are some tremendous cost savings. While they’re run by the government, national parks are open on MLK Day—and this happens to be one of five days this year when the ones that charge an entrance fee will waive that. As a reminder, Columbus Day is a federal holiday that occurs on the second Monday in October and marks the voyage and landing of Italian explorer Christopher Columbus in the Americas. Indigenous Peoples’ Day, celebrated since the 1990s in tandem with Columbus Day, acknowledges Native American cultures and people who inhabited the Americas prior to European exploration. A reminder that markets are closed Monday, Jan. 16 in observance of Martin Luther King Jr. However, the holiday is often sometimes not observed on this exact date, as is the case this year.

In the United States, it falls on the fourth Thursday in November, but in Canada, it falls on the second Monday in October. Because the summer months of June, July, and August is a time when many people take their vacations, seasoned traders dub it “The Big Drought.” The worst month for trading in summer is August. Retailers generally choose to stay open on MLK Day, luring shoppers in with inventory clearance sales as they get rid of the last of their holiday inventory. Everyone from Walmart to Target to Home Depot to Walgreen’s and CVS will likely be open, though perhaps with adjusted hours.

Congress in 1885 decided federal employees should have certain days off from work and so introduced U.S. federal holidays to coincide with days of significance recognized and celebrated what is saxo bank by Americans. The U.S. Post offices are closed on Monday, Jan. 17, Martin Luther King Jr Day. No residential or business deliveries except Holiday Premium/Priority Mail Express.

Designed to honor Martin Luther King Jr., MLK Day became a federal holiday in 1983, though some states took a bit longer to adopt it as a paid state holiday. It was the first federal holiday in the U.S. to honor an African American. Some, but not all, investors will enjoy a three-day weekend thanks to the Columbus Day and Indigenous Peoples’ Day holidays.

Sometimes, if a holiday falls on a weekend, stock markets will close on the Friday prior to the holiday, as is often the case with Good Friday and Easter. Other times, a holiday will be observed on a Monday after it occurs, like New Year’s Day taking place on a Sunday in 2023. Is the stock market closed on Columbus Day, or Indigenous Peoples’ Day, in 2023? The stock market will be open Monday, October 9, for the annual holiday. However, bond traders will get an extended weekend, with the bond market closed on Monday. President’s Day, which falls on Monday, February 20, is the next time the stock and bond markets will close for a holiday.

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