Is the Stock Market Open on Martin Luther King Day?

In 1955, he led the Montgomery bus boycott and later became the first president of the Southern Christian Leadership Conference. Dr. King also helped organized organize the 1963 March on Washington, where he delivered his “I Have A Dream” speech on the steps of the Lincoln Memorial. His speech is regarded as one of the finest speeches in the history of American oratory.

All this reflection about the market often gives investors insights on how to improve their investment strategy. 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 Complete Beaxy Review Luther King, Jr. Day, offering traders a rest after a volatile start to the year. Stocks historically rise prior to the MLK Day long week and pull back afterward. Between Tuesday and Friday of last week, the S&P 500 rallied 3.27% but on decreasing volume.

This way, you’ll know when you can take a break from your computer or phone screen until regular trading resumes. President’s Day, which falls on Monday, February 20, is the next time the stock and bond markets will close for a holiday. Day is one of 10 federal holidays observed in the United States which means, banks will be closed all day. No, similarly to the stock market, banks will be closed on Monday as it is a federal holiday. 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.

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. On Thursday, December’s consumer-price index data showed inflation slowed again, with the headline inflation retreating for the sixth month in a row, declining to 6.5% from 7.1% in November. Core inflation, which excludes volatile food and energy costs, rose 5.7% in December from a year ago. 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.

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For holidays on a Saturday, the markets are closed on Friday. If the holiday happens on Sunday, then the markets hangsang stock market are to be closed on that following Monday. Since MLK Day is a federal holiday, banks will be closed.

Yes, expect to find most restaurants open Monday but hours may vary. Starbucks said in an email to customers Friday that some of its locations have shortened hours. The omicron surge has prompted multiple changes to Monday’s celebration of the life of Dr. Martin Luther King Jr. Communities from Alabama to Massachusetts, after initially planning in-person events, have instead pivoted to online versions, in many cases for the second year in a row.

Remembering the stock market holiday schedule is useful information that can help you prosper.
It’s also possible some locations will be closed or operate with shorter hours because of COVID-19 pandemic and staffing shortages.
U.S. stock markets and most banks are closed Monday in observance of Martin Luther King Jr.
These offers do not represent all available deposit, investment, loan or credit products.
City, county, state and federal offices are generally closed.
Traders buy or sell more than 9 million corporate stocks a day.

Trading volume tends to become lower immediately before holidays and rises immediately after holidays. The new year will reward investors with another three-day weekend, with the stock market closed on Monday, Jan. 16, for Martin Luther King Jr. Bond traders also get a long weekend, with bond markets shuttered on Monday, too.

The U.S. stock and the bond markets have working days similar to banks. They remain closed for federal holidays and resume normal operations the following day. It is important to note that the holiday schedule for the stock exchange markets is slightly different from that of the bond markets. 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.

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The bond market will also close on Friday, at 5pm ET, and will open on Tuesday as they also have Monday off due to MLK Day, according to MarketWatch. The New York Stock Exchange (NYSE), the largest securities market in the world, hosts 70 of the world’s biggest corporations and 82 percent of the S&P 500. 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). Since holidays are typically happier times of the year, they can relieve the relentless stress of active trading.

S&P 500

However, the holiday is often sometimes not observed on this exact date, as is the case this year. The holiday was signed into law by former President Ronald Reagan in 1983 but wasn’t officially observed until three years later. It wasn’t until 2000 that the holiday was celebrated in all 50 U.S. states. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

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Is MLK Day one of the holidays observed by the stock market? Because MLK Day is a federal holiday, banks will be closed. You can, however, still use ATM machines to get cash or put money into your account.

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With over a decade of experience writing about the stock market, Karee Venema is an investing editor and options expert at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer’s Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis. Dr. King’s birthday is actually Jan. 15, but the MLK holiday doesn’t necessarily occur on that exact date, as is the case in 2023. Day is meant to celebrate Dr. King’s birthday, the federal holiday is observed on the third Monday in January, regardless of the date on which that day falls.

The stock markets also traditionally close at 1pm on early-closure days, while bond markets close early at 2pm. The stock market is typically closed on nine holidays every year, while the bond markets remain closed for an additional two holidays. While the market generally remains open on most days, you can expect the stock market to remain closed on MLK day 一 just like the rest of the major federal holidays. Remembering the stock market holiday schedule is useful information that can help you prosper. However, when looking at the big picture, when the stock markets are open should not have a significant impact on your overall trading strategy. If you are an investor or trader with a position in foreign stock, remember that all countries have their own stock market holiday schedule.