The U.S. markets will be closed on Monday, Jan. 16, for Martin Luther King Jr. Day, which commemorates the life and legacy of the American civil rights leader
U.S. stocks have gotten off to a solid start in 2023 thanks to cool inflation data and slower wage growth which investors hope will convince the Federal Reserve to ease up on its economy-shaking hikes to interest rates and press the pause button sooner.
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. Day. This means after the closing bell rings out on Friday at 4 p.m. Eastern time, the stock market won’t open again until 9:30 a.m. on Tuesday, Jan. 17. Bond traders also get a long weekend, with bond markets shuttered on Monday, too.
In 1983, President Ronald Reagan signed a bill to create a U.S. federal holiday in honor of King, and the first year it was officially observed was in 1986. However, it wasn’t until 2000 that all 50 states recognized MLK Day.
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