Following an eventful start to the year, traders will get some time off from the stock market on Martin Luther King, Jr. Day, which falls on Monday, Jan. 15, in 2023.
While the New York Stock Exchange and Nasdaq are closed, stock futures are active, including contracts linked to the Dow (INDU), S&P 500 (SPX) and Nasdaq 100 (NDX:IND), which are all up marginally in overnight trade.
Also open… Metals and energy futures on Comex and the New York Mercantile Exchange will trade until 1:30 PM ET on Monday and will reopen later in the evening at 5:00 PM. Crypto will be available all day, with Bitcoin (BTC-USD) last changing hands at $42,634. Many continue to keep their eyes on the sector following the SEC’s approval of spot Bitcoin ETFs last week.
Some history: MLK Day honors civil rights leader Martin Luther King Jr., whose birthday was on Jan. 15. The federal holiday, which is observed on the third Monday in January, was signed into law by President Reagan in 1983. It took effect three years later, though not every U.S. state chose to observe the holiday at the state level until 1991. New Hampshire also became the last state to name the holiday after King in 1999, after previously calling it “Civil Rights Day.”
Don’t forget to check out Seeking Alpha’s comprehensive guide to Stock Market Holidays.
More on the markets
-
Russian court extends detention of Wall Street Journal reporter Gershkovich until end of January
-
Russian court extends detention of Wall Street Journal reporter Evan Gershkovich, arrested on espionage charges
-
Israel's economy recovered from previous wars with Hamas, but this one might go longer, hit harder
-
Stock market today: Asian shares mixed ahead of US consumer confidence and price data
-
EXCLUSIVE: ‘Sister Wives' star Christine Brown says her kids' happy marriages inspired her leave Kody Brown
-
NBA fans roast Clippers for losing to Nuggets without Jokic, Murray, Gordon
-
Panthers-Senators brawl ends in 10-minute penalty for all players on ice
-
CNBC Daily Open: Is record Black Friday sales spike a false dawn?
-
Freed Israeli hostage describes deteriorating conditions while being held by Hamas
-
High stakes and glitz mark the vote in Paris for the 2030 World Expo host
-
Biden’s unworkable nursing rule will harm seniors
-
Jalen Hurts: We did what we needed to do when it mattered the most
-
LeBron James takes NBA all-time minutes lead in career-worst loss
-
Vikings' Kevin O'Connell to evaluate Josh Dobbs, path forward at QB