Friday, July 19, 2024

Which markets are closed on Martin Luther King Day?


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Martin Luther King Jr. on the steps of the Lincoln Memorial on Aug. 28, 1963, where he delivered his famous “I Have a Dream” speech.

U.S. stock and bond markets are closed Monday for the Martin Luther King Jr. holiday, but it’s business as usual for markets overseas.

Investors could still get a hint of whether the thinking toward the markets has changed over the weekend after Friday’s battering—futures contracts tied to the Dow Jones Industrial Average YMH6, -2.11% S&P 500 index Index ESH6, -1.98% and the Nasdaq-100 index NQH6, -2.62% will trade until 1 p.m. Eastern Time.  Oil futures CLG6, -4.81% also will trade during the New York morning through the electronic Globex platform. The U.S. oil benchmark on Friday plunged to under $30, bringing losses for the week to around 10%.

Trading in all Globex contracts will be halted from 1 to 6 p.m. Eastern.

U.S. stock markets will remain closed, and the Securities Industry and Financial Markets Association has recommended that there be no trading in U.S.-dollar-denominated bonds in the U.S., U.K. and Japan.

Currency markets will be open for trading, but volumes are expected to be light during the North American hours.

The holiday won’t close markets in Europe SXXP, -2.82% —or China SHCOMP, -3.55%


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Author: Red

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