[ad_1]
Central Press Photography / Getty Images
Text size
US stock and bond markets will be closed on Monday, January 21, for Martin Luther King Jr. Day.
The shutdown will occur while the shares have known a month of January to the 2019 opening, after a painful end of 2018, marked by extreme volatility. A season of profits that started with
Goldman Sachs
(GS) and other banks reporting strong results helped.
Until the end of Thursday, the
Dow Jones Industrial Average
had gained more than 4% so far in January, while the
S & P 500
was up about 5% and the
Nasdaq
had added nearly 7% in value. All this despite a partial shutdown of the US government that lasted almost a month.
Here is what you need to know.
The stock market will be closed
Martin Luther King Jr. Day is one of the public markets of the New York Stock Exchange and NASDAQ. Trading will resume normal
With respect to bond markets, the Association of Capital Markets and Securities Industries "recommends" that its members do not exchange US government debt, corporate bonds, badet-backed securities and securities. other titles.
The next market break
Following the closing of Martin Luther King Jr. Day, the next holiday is President's Day, Monday, February 18, when the stock and bond markets will be closed again.
The market eliminates the closure of the government – for the moment
Obviously, in recent days, the government has stopped closing its doors, which is now the longest in history. According to an badysis of historical returns by LPL Financial, government closures have had little impact on market performance. On average, equities slide only 0.4% during stops and the median return is stable, according to LPL. The three major stock indexes are on the rise so far during this stop.
Write to Ben Walsh at [email protected]
Source link
