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. This positivity and optimism influence trading after the holidays. 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. 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. Designed to honor Martin Luther King Jr., MLK Day became a federal holiday in 1983.
The stock market maintains a full day of trading on New Year’s Eve. This happens even when New Year’s Day occurs on a weekend. This is due to a provision in Rule 7.2 of the New York Stock Exchange. The rule states that the NYSE will close on either the Friday or Monday when a holiday falls on a weekend. Usually, when a national holiday falls on a weekend, the closures are adjusted accordingly. For holidays on a Saturday, the markets are closed on Friday.
U.S. Stock Market Holidays (2023 –
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. 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.
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 market seems to get very little help from the murder of Martin Luther King, even though January is one of the best months over time. There are 29 trades, the average gain is -0.05%, the win ratio is 57%, the profit factor is 0.9, and the max drawdown is 11%. The holiday is observed on the third Monday in January.
Is the Stock Market Open on MLK Day?
While the New York Stock Exchange and Nasdaq are closed, stock futures will be active, including contracts linked to the Dow (DJI), S&P 500 (SP500) and Nasdaq Composite (COMP.IND). All three of the major averages have had an impressive start to 2023, soaring 3.5%, 4.5% and 6.6%, respectively. Their regular hours of operation run from Monday to Friday from 9.30am to 4pm ET, while their doors shut over the weekend.
Neither the stock market nor the bond market will be open for trading on Martin Luther King Jr. Although private-sector employees may not get the following days off, a federal holiday means non-essential federal government offices are closed and banks, post offices and schools may also be 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.
- 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.
- They remain closed for federal holidays and resume normal operations the following day.
- However, the holiday is often sometimes not observed on this exact date, as is the case this year.
However, when looking at the big picture, when the stock markets are open should not have a significant impact on your overall trading strategy. 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. If you are an investor or trader with a position in foreign stock, remember that all countries have their own stock market holiday schedule.
Markets Are Closed Monday For Martin Luther King Jr. Day
Like many banks, the stock market is often closed on federal holidays. 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. When President Joe Biden signed the bill, Juneteenth became the first new federal holiday since Martin Luther King Jr.
(New Hampshire was the last state to adopt it as a paid state holiday in 1999, replacing the state’s optional Civil Rights Day.) It was the first federal holiday in the U.S. to honor an African American. A reminder that markets are closed Monday, Jan. 16 in observance of Martin Luther King Jr. Martin Luther King Jr. was the American civil rights leader and icon famed for his «I have a dream» speech.
Get advice on achieving your financial goals and stay up to date on the day’s top financial stories. Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy. Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more – straight to your e-mail. The Federal Reserve’s inflation fight has been particularly brutal for anyone not already a U.S. homeowner before interest rates and mortgage rates rose to 15 year highs.
Bond traders also get a long weekend, with bond markets shuttered on Monday, too. Day became a federal holiday in 1983, when it was signed into law by then President Ronald https://investmentsanalysis.info/ 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.
Is the Stock Market Open Today? Here Are the Trading Hours for Martin Luther King Jr. Day.
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. When the markets close, investors have more time to reflect on their investment strategies. An investor might read a financial journal to catch up on the latest news, reading about insider trades, NASDAQ biggest losers, or marketing activity.
Regular mail delivery, collections and retail services resume Tuesday. Another government-run institution that will be closed is your local public library. They’re not only open, you can get a good deal today. 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.