The Martin Luther King holiday is traditionally observed on the third Monday of January to mark King’s birthday, January 15, 1929. The day commemorates the life and work of Dr. King, who was a Baptist minister and prominent leader in the American civil rights movement and was assassinated in 1968. The day is typically celebrated with marches and parades and with speeches by civil rights and political leaders. Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. 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.

MLK Day is also a Bank Holiday as recognized by the Federal Reserve, so commercial banks and other financial institutions will be closed on Monday. Monday, Jan. 16, is one of 11 bank holidays in 2023. “Sentiment had previously been overly optimistic about Federal Reserve policy and earnings,” the strategist notes. There might be the very rare exception, but generally city, county, state and federal offices are closed.

Are Post Offices Closed? Is There Mail Delivery on Martin Luther King Jr Day?

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. In the United States, it falls on the fourth Thursday in November, but in Canada, it falls on the second Monday in October. Sure, we’re only a little over two weeks into 2022, but many of us could use a break already.

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. 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.

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So, an order executed on Monday will settle by Wednesday, or an order executed on Tuesday will settle by Thursday. The continued spread of Omicron and the uncertainty it has created has stressed people out in record time. MLK Day, however, offers some people the chance to catch their breath. As the nation celebrates Civil Rights leader Martin Luther King Jr., government organizations will largely be closed.

• The first nationwide observance of the holiday came in 1986.
• Catching up on the latest market news will create an overview of what is happening.
• The stock market maintains a full day of trading on New Year’s Eve.
• 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).

A foreign stock exchange may be open on days when the U.S. stock market is closed and vice versa. However, the stock markets are closed on Martin Luther Jr. Day 2022, as the days are a designated federal holiday, meaning traders are currently enjoying a well-earned three-day weekend. The stock markets also traditionally close at 1pm on early-closure days, while bond markets close early at 2pm. Both the stock and bond markets will be closed this Monday in honor of civil rights leader Martin Luther King Jr.

Financial Calendars

If the holiday happens on Sunday, then the markets are to be closed on that following Monday. Day is one of 10 federal holidays observed in the United States which Ewo indicator means, banks will be closed all day. The US financial markets do not open on Martin Luther King Jr. No trading takes place on any of the U.S. stock exchanges.

Here’s a look at what’s open and closed on MLK Day 2023 and a brief history about the holiday. 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. 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. You can infer a trader’s meaning by the context of a statement. For instance, an online discussion about whether the NASDAQ is up or down for the day refers to the NASDAQ Composite Index.

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The birthday of Dr. Martin Luther King Jr. was recognized as a federal holiday in 1983. Today, Americans celebrate the life and legacy of the civil rights leader on the third Monday in January. Day, Jan. 17, 2022 — many businesses and institutions around the country will be closed in observance of the national holiday. The main entities that are closed for the day will be corporate offices, government agencies and banks.

They may struggle to find it again this year, according to one of 2023’s most successful market watchers. With January halfway through, investors may be looking for more action from what has already been an exciting start to 2023. With January halfway through, investors may be looking for more action from what has already been an excitin… 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.

Catching up on the latest market news will create an overview of what is happening. 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 https://investmentsanalysis.info/ this reflection about the market often gives investors insights on how to improve their investment strategy. The stock market will be closed Monday, September 4, for the Labor Day holiday. Bond traders will get an extended weekend too, with the bond market also closed on Monday.

• 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.
• 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.
• 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.
• The main entities that are closed for the day will be corporate offices, government agencies and banks.

City, county, state and federal offices are generally closed. Here’s a look at what’s open and closed on MLK Day 2022 and a brief history about the holiday. The holiday is traditionally observed on the third Monday of January to mark King’s birthday, January 15, 1929. However, the holiday is often sometimes not observed on this exact date, as is the case this year.