This day will be a day of reflection for all Americans, as we remember the sacrifices made by Dr. King and all of the others who have fought for justice and equality. The NASDAQ Stock Market, the New York Stock Exchange, and even the bond markets will be closed, and there will be no buying and selling of stocks on these exchanges. This is a major government holiday, like Juneteenth, President’s Day, and Veteran’s Day, that is observed with the stock market being closed. This means that all Americans can reflect on what has been going on in our country this past year and make decisions about what they want to do to help make America a better place.
Martin Luther King Jr. Holiday
On Martin Luther King Jr. Day, the United States celebrates the life and work of Dr. King, who helped end apartheid in South Africa. Every year, this day is celebrated by all Americans with a national holiday. Dr. King was the first African American to be recognized as a major holiday in the United States, and his work has helped make this country a more diverse and inclusive place.
Martin Luther King Jr. Day is a federal holiday in the United States. This means that banks, schools, libraries, offices, and the United States Postal Service will be closed. ..
Stock Market Status on Martin Luther King’s Holiday
The New York Stock Exchange, NASDAQ Stock Market, and the bond markets will not operate on Martin Luther King Jr. Day. However, you will be able to trade as usual on the following Tuesday. ..
How the market is affected by MLK Day
This holiday, most businesses and retailers in the United States prefer to stay open on Martin Luther King Jr. Day. However, some stores may close for inventory clearance discounts during the New Year’s holiday season. All stores, including Walmart, Target, Home Depot, Walgreens, and CVS will probably be open on this holiday, but with perhaps modified hours.
Chances of special Stock Market Patterns after MLK Day
Despite Martin Luther King Jr. Day being celebrated on the third Monday of January, the day has little impact on the stock market. The business stock exchanges and transactions that take place after MLK Day are not very significant. Unlike Easter, which is a holiday that sees increased buying of retail items, MLK Day is not a holiday that sees a lot of people shopping. ..
The stock market pattern that follows this holiday is pretty unpredictable. If you wish to invest, you might as well because this might be as good of an opportunity as any.
Days from 2022 to 2024 that the stock market will remain closed.
The New York Stock Exchange and NASDAQ Stock Market will be closed on the following holidays from 2022 through 2024: New Year’s - January 2, Monday Martin Luther King, Jr. Day - January 17, Monday President’s Day - February 21, Monday Good Friday / Easter Friday - April 15, Friday Memorial Day - May 30, Monday Labor Day - September 5, Monday Thanksgiving - November 24, Thursday Christmas - December 26, Monday ..
Conclusion
The opening of the US Stock Markets does not take place on MLK Day, the third Monday of every January. Neither the NASDAQ Stock Market, the New York Stock Exchange, nor the bond markets open up for trading. The day is dedicated to Dr. King, a well-known Baptist civil rights activist in the United States. MLK Day will see a holiday for all trading, and traders are expected to be eager to trade the very next Tuesday. The federal holiday Martin Luther King Jr. Day is a significant one. The U.S. Postal Service, banks, schools, libraries, and workplaces will all be closed. Backtests reveal that it is reasonable to state that the stock market’s behavior after this holiday is somewhat unpredictable
