Stock and bond markets in the US will remain closed on Monday, January 17 to mark Martin Luther King, Jr. Day, giving traders a break after a volatile start to the year.
The Securities Industry and Financial Markets Association, or SIFMA, has recommended that bond markets be closed for the day, which may affect trading in the 10-year treasury note TMUBMUSD10Y,
New York Stock Exchange And this Nasdaq Also closed for federal holidays.
in the meantime US commodity marketThere will be no regular trading or settlement, including NIMEX Crude Oil and Comex-traded Gold.
The holiday comes two weeks into a year that begins on a down note for stocks, the ongoing Omicron wave of coronavirus cases, a hawkish Federal Reserve, rising inflation, and uncertainty about valuations ahead of the next corporate earnings reporting season. Thank you.
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US stocks are low today: Dow Jones Industrial Average DJIA,
down 1.2%, S&P 500 SPX,
Lost 2.2%, and Nasdaq Composite Comp,
Is down 4.8% through Friday’s close. Meanwhile, the 10-year note has gained nearly 15 points, as investors sell those bonds expecting higher interest rates going forward.
The Omicron boom has inspired many changes in Monday’s celebration of the life of Dr. Martin Luther King Jr. alabama To Massachusetts, after initially planning events in person, has in many cases turned to online versions for the second year in a row.
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Nevertheless, investors continue to reward exchange-traded funds prepared for “re-opening trades” more than the “work-from-home” regime that dominated 2020. US Global Jets ETF Jets,
was up 5.5% in the year to date Friday, while the Direxion Work From Home ETF WFH,
There was a decline of 5.5 per cent in the same period.
The Martin Luther King holiday is traditionally celebrated on the third Monday of January to mark King’s birthday, January 15, 1929.