Is the Stock Market Open on Martin Luther King Day?
Both the stock and bond markets will be closed this Monday in honor of civil rights leader Martin Luther King Jr.
Is the stock market open on Martin Luther King Day? The answer to this question is no. The stock market will be closed Monday, January 15, for MLK Day, as the holiday is also known.
Martin Luther King Jr. Day became a federal holiday in 1983, when it was signed into law by then President Ronald Reagan. The three-day weekend marks the second stock market holiday of 2024, as the equities market was closed on Monday, January 1, in observance of New Year's Day.
While this year's holiday falls on Dr. King's actual birthday, that's not necessarily the case every year. Martin Luther King Jr. Day is meant to celebrate Dr. King's birthday, but the federal holiday is observed on the third Monday in January, regardless of the date on which that day falls.
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Bond traders will get the day off, too, with the bond market closed on Monday, January 15, for MLK Day.
For those wondering what time does the market open for regular trading hours, both the Nasdaq Stock Market and the New York Stock Exchange (NYSE) run from 9:30 am to 4:00 pm Eastern time Monday through Friday.
Are the banks open on Martin Luther King Day? The answer to that question is no. Monday, January 15, is one of 11 bank holidays in 2024.
Below, we feature a full schedule of all stock market and bond market holidays for 2024. 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. Day.
2024 stock market holidays
Date | Holiday | NYSE | Nasdaq |
---|---|---|---|
Monday, January 1 | New Year's Day | Closed | Closed |
Monday, January 15 | Martin Luther King, Jr. Day | Closed | Closed |
Monday, February 19 | Presidents' Day/Washington's Birthday | Closed | Closed |
Thursday, March 28 | Maundy Thursday | Open | Open |
Friday, March 29 | Good Friday | Closed | Closed |
Friday, May 24 | Friday Before Memorial Day | Open | Open |
Monday, May 27 | Memorial Day | Closed | Closed |
Wednesday, June 19 | Juneteenth National Independence Day | Closed | Closed |
Wednesday, July 3 | Monday Before Independence Day | Early close (1 pm) | Early close (1 pm) |
Thursday, July 4 | Independence Day | Closed | Closed |
Monday, September 2 | Labor Day | Closed | Closed |
Monday, October 14 | Columbus Day/Indigenous Peoples' Day | Open | Open |
Monday, November 11 | Veterans Day | Open | Open |
Thursday, November 28 | Thanksgiving Day | Closed | Closed |
Friday, November 29 | Day After Thanksgiving/Black Friday | Early close (1 pm) | Early close (1 pm) |
Thursday, December 24 | Christmas Eve | Early close (1 pm) | Early close (1 pm) |
Wednesday, December 25 | Christmas Day | Closed | Closed |
Tuesday, December 31 | New Year's Eve | Open | Open |
2024 bond market holidays
Date | Holiday | Bond Markets* |
---|---|---|
Monday, January 1 | New Year's Day | Closed |
Monday, January 15 | Martin Luther King, Jr. Day | Closed |
Monday, February 19 | Presidents' Day/Washington's Birthday | Closed |
Thursday, March 28 | Maundy Thursday | Early close (2 pm) |
Friday, March 29 | Good Friday | Closed |
Friday, May 24 | Friday Before Memorial Day | Early close (2 pm) |
Monday, May 27 | Memorial Day | Closed |
Wednesday, June 19 | Juneteenth National Independence Day | Closed |
Wednesday, July 3 | Monday Before Independence Day | Early close (2 pm) |
Thursday, July 4 | Independence Day | Closed |
Monday, September 2 | Labor Day | Closed |
Monday, October 14 | Columbus Day/Indigenous Peoples' Day | Closed |
Monday, November 11 | Veterans Day | Closed |
Thursday, November 28 | Thanksgiving Day | Closed |
Friday, November 29 | Day After Thanksgiving/Black Friday | Early close (2 pm) |
Thursday, December 24 | Christmas Eve | Early close (2 pm) |
Wednesday, December 25 | Christmas Day | Closed |
Tuesday, December 31 | New Year's Eve | Early close (2 pm) |
These are the recommended stock and bond market holiday schedule from the NYSE and the Securities Industry and Financial Markets Association (SIFMA). These schedules are subject to change.
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With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.
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