AndreyKrav
After starting the year with a resurgence in risk appetite, traders will take a break from the stock market on Martin Luther King, Jr. Day, which falls on Monday, January 16, 2023.
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 major averages are off to an impressive start to 2023, shooting 3.5%, 4.5% Y 6.6%respectively.
Also open… Metal and energy futures on the Comex and the New York Mercantile Exchange will trade until 1:30 p.m. ET on Monday and reopen later in the evening at 5:00 p.m. level.
Some history: MLK Day honors civil rights leader Martin Luther King Jr., whose birthday was January 15. Observed on the third Monday in January, the federal holiday was signed into law by President Reagan in 1983. It took effect three years later. , although not all US states chose to observe the holiday at the state level until 1991. New Hampshire also became the last state to name the holiday in King’s honor in 1999, after previously calling it “Day of the Kings”. Civil rights”.
Don’t forget to check out Seeking Alpha’s complete guide to stock market holidays.
