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. Martin Luther King Jr. was the American civil rights leader and icon famed for his “I have a dream” speech.
© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Depending on the country, the same type of holiday may fall on different dates or the holiday may be entirely different. For example, Thanksgiving in the United States and Canada falls on different dates.
A foreign stock exchange may be open on days when the U.S. stock market is closed and vice versa. The major stock market exchanges close for many of the same holidays (Thanksgiving, Christmas, etc.) that other businesses observe. Additionally, there are several days that the market ends its trading session early. Trading volume tends to become lower immediately before holidays and rises immediately after holidays.
Is the Stock Market Open Today? These Are the Trading Hours on Martin Luther King Jr. Day.
When President Joe Biden signed the bill, Juneteenth became the first new federal holiday since Martin Luther King Jr. Take a look at which days the NYSE, Nasdaq and bond markets are off in 2023. The birthday of Dr. Martin Luther King Jr. was recognized as a federal holiday in 1983.
The stock market will be closed Monday, Jan. 16, for MLK Day, as the holiday is also known. 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. Regular mail delivery, collections and retail services resume Tuesday. Another government-run institution that will be closed is your local public library.
Fed-funds futures now reflect a 94% probability of a 25-basis point rise in February, up from around 77% on Wednesday, according to CME FedWatch Tool. Investors looking for a brief respite from two weeks of volatile trading on Wall Street may get one on Monday, when Martin Luther King Jr. This includes grocery stores, shopping malls, drug stores, restaurants, coffee shops, gas stations and retailers. Martin Luther King Jr. is a minister and activist who became the most visible spokesman and leader in the American civil rights movement from 1955 until his assassination in 1968. He participated in and led marches for blacks’ right to vote, desegregation and labor rights. In 1955, he led the Montgomery bus boycott and later became the first president of the Southern Christian Leadership Conference.
- His speech is regarded as one of the finest speeches in the history of American oratory.
- However, the holiday is often sometimes not observed on this exact date, as is the case this year.
- Later that year, he received the Nobel Peace Prize for combating racial inequality through nonviolent resistance.
- All three of the major averages have had an impressive start to 2023, soaring 3.5%, 4.5% and 6.6%, respectively.
- Regular mail delivery, collections and retail services resume Tuesday.
Since MLK Day is a federal holiday, banks will be closed. You can, however, still use ATM machines and online banking to conduct most business with your financial institution. The three major stock exchanges are the New York Stock Exchange (NYSE), the National Association of Securities Dealers Automated Quotation System (NASDAQ), and the American Stock Exchange (AMEX). The https://bigbostrade.com/ NYSE and NASDAQ adhere to the federal government’s holiday schedule for closings, except for Veterans Day (open), Columbus Day (open), and Good Friday (closed). The New York Stock Exchange, Nasdaq and bond markets are all closed. If you’re planning to use the day to get some personal business done, though, it’s going to be hit and miss depending on what that business is.
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more – straight to your e-mail. Though they are run by the U.S. government, National Parks will be open to the public on Monday, Jan. 17. Day is actually one of six days in 2022 when admission fees are waived at many National Parks.
What’s this I’m hearing about Robert E. Lee Day?
The list of stock market holidays actually grew by one in 2022. While, of course, there is no singular holiday trading strategy that promises a higher trading success rate, one popular idea traders favor is to buy shares a day or two before a holiday. This is because many traders reduce their risk by selling some of their riskier stocks to mitigate their financial risk. They sell their most volatile stocks because they want to be free to enjoy their holidays rather than hear bad news when they return. Since stock prices fall before a holiday, the pre-holiday days are a good time to buy promising equities at a bargain price.
- The New York Stock Exchange, Nasdaq and bond markets are all closed.
- The pre-market trading hours of the NASDAQ are from Monday through Friday, opening at 8.00 AM Eastern Time and closing at 9.30 AM Eastern Time.
- However, in certain circumstances, the stock market will close early in the days preceding or following market holidays.
- Investors looking for a brief respite from two weeks of volatile trading on Wall Street may get one on Monday, when Martin Luther King Jr.
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.
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. With January halfway through, investors may be looking for more action from what has already been an exciting start to 2023. 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.
The Martin Luther King holiday is traditionally observed on the third Monday of January to mark King’s birthday, January 15, 1929. Their regular hours of operation run from Monday to Friday from 9.30am to 4pm ET, while their doors shut over the weekend. Circuit breakers were first introduced after the Black Monday crash of October 1987. The Dow dropped almost 23% in a single session, which stands as a record to this day.
Nasdaq Futures
Traders buy or sell more than 9 million corporate stocks a day. The New York Stock Exchange owns the NYSE Arca (previously called Archipelago Exchange) and NYSE MKT (previously called the American Stock Exchange). The pre-market trading hours of the NASDAQ are from Monday through Friday, opening at 8.00 AM Eastern Time and closing at 9.30 AM Eastern Time. highest net worth company 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. A reminder that markets are closed Monday, Jan. 16 in observance of Martin Luther King Jr. Similarly, big grocery chains, such as Harris Teeter, Kroger and Whole Foods, as well as restaurants will also be open.
This guide will lay out all of the dates in 2022 that the United States stock market will be closed for holidays. President’s Day, which falls on Monday, February 20, is the next time the stock and bond markets will close for a holiday. However, in certain circumstances, the stock market will close early in the days preceding or following market holidays. 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). When the markets close, investors have more time to reflect on their investment strategies.
Andrea Riquier reports on housing and banking from MarketWatch’s New York newsroom. 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.
International Stock Exchanges’ Trading Hours
Prices for goods and services are up 6.5% from a year earlier.
Will there be any mail delivery on MLK Day?
Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. The stock has already lost more than 8% in September, retreating from an all-time high. Stocks performed well this week as inflation data showed a six-consecutive month decline.
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. The stock markets also traditionally close at 1pm on early-closure days, while bond markets close early at 2pm. Knowing when the U.S. stock markets close before national holidays can have a significant impact on your trading strategy since share prices typically rally before a holiday. For example, big buys or sells occur before Thanksgiving – a seasonal trend analysts attribute to a more buoyant mood. Both the stock and bond markets will be closed this Monday in honor of civil rights leader Martin Luther King Jr.
Some small businesses are closed on the holiday, due to staffing issues. 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.
“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. 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. However, these noticeable market trends only occur if the holiday involves a long weekend. Below is the list of remaining market holidays for 2023, courtesy of the New York Stock Exchange.
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. The U.S. Postal Service will not be operating—again, because of MLK Day’s status as a federal holiday. UPS and FedEx will both remain open, though, so if you’re expecting a package, it will likely arrive on time (though weather delays could be a factor this year, especially in California).
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