Martin Luther King Jr. was the American civil rights leader and icon famed for his "I have a dream" speech.
Such was Dr. King's legacy, a federal holiday is now observed on the third Monday in January, to coincide with his January 15 birthday.
However, the holiday is often sometimes not observed on this exact date, as is the case this year.
Americans consequently have an opportunity to pause and remember Dr. King's efforts in combating racial inequality on January 17, 2022.
As a result, some banks are closed on MLK day, while some private businesses may also shut their doors—but are stock markets open on this federal holiday?
U.S. stock markets, such as the New York Stock Exchange (NYSE) and Nasdaq are respectively the world's largest and second-largest stock exchanges.
Their regular hours of operation run from Monday to Friday from 9.30am to 4pm ET, while their doors shut over the weekend.
The stock markets also traditionally close at 1pm on early-closure days, while bond markets close early at 2pm.
However, the stock markets are closed on Martin Luther Jr. Day 2022, as the days are a designated federal holiday, meaning traders are currently enjoying a well-earned three-day weekend.
International Stock Exchanges' Trading Hours
London Stock Exchange: 8am to 4.30pm local time, Monday to Friday
Tokyo Stock Exchange: 9am to 3pm (lunch from 11.30am to 12.30pm) local time, Monday to Friday
Hong Kong Stock Exchange: 9.30am to 4pm (lunch from midday to 1pm) local time, Monday to Friday
Shanghai Stock Exchange: 9.30am to 3pm (lunch from 11.30am to 1pm) local time, Monday to Friday
Frankfurt Stock Exchange: 8am to 8pm local time, Monday to Friday
Euronext Amsterdam Stock Exchange: 9am to 5.40pm local time, Monday to Friday
Remaining U.S Federal Holidays
Congress in 1885 decided federal employees should have certain days off from work and so introduced U.S. federal holidays to coincide with days of significance recognized and celebrated by Americans.
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.
Martin Luther King Jr Day: Monday, January 17
President's Day: Monday, February 21
Memorial Day: Monday, May 30
Juneteenth: Sunday, June 19 (Observed Monday, June 20)
Independence Day: Monday, July 4
Labor Day: Monday, September 5
Indigenous Peoples' Day (also observed as Columbus Day): Monday, October 10
Veterans' Day: Friday, November 11
Thanksgiving: Thursday, November 24
Christmas Day: Sunday, December 25 (Observed Monday, December 26)
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January 17, 2022 at 03:32PM
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Is the Stock Market Open on Martin Luther King Jr. Day 2022? - Newsweek
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