MLK Holiday trading schedule on Wall Street

As with all national holidays, MLK Day, added to Inauguration Day, will likely cause unusual trading patterns next week in stocks and bonds.

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Martin Luther King Monument, Washington, D.C. (Official photo)

WASHINGTON, January 11, 2017 – We don’t have much in the way of trading diary-worthy action today, given the market’s irregular run-up to next week’s holiday- and Inauguration Day-riddled potential.


Read also: Trump presser pounds pharmaceuticals, defense stocks… and CNN


As we’ve already seen Wednesday morning, incoming President Trump’s, umm, straightforward remarks are likely to deal at least one- or two-day howitzer hits in stock categories he’s not happy with. Pharmas have taken a heavy hit today, along with selected aerospace firms, given the President-elect’s negative comments on both industries. These areas, perhaps, will continue to be vulnerable to headline risk until Mr. Trump is able to engage them on “the art of the deal.”

For now, let’s take a look at how next Monday’s MLK Day holiday will alter trading in the late part of this week and early next week:


MONDAY, JANUARY 16, 2017

All U.S. markets (equity, option, and fixed income) will be closed in observance of Martin Luther King, Jr. Day. Additionally, no pre-market or after hours trading sessions will take place. Canadian markets will be open on Monday January 16, 2017. But Canadian equity orders placed after the close of the U.S. markets on Friday, January 13, 2017, will route to the Canadian exchanges on Tuesday, January 17, 2017.

Settlement dates for equity orders:

Trade Date Settlement Date
Wednesday, January 11, 2017 Tuesday, January 17, 2017
Thursday, January 12, 2017 Wednesday, January 18, 2017
Friday, January 13, 2017 Thursday, January 19, 2017

Note: If you’re adding or withdrawing funds based on trades, be sure to check with your broker to confirm settlement dates as various brokerage in-house rules may occasionally vary.

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Terry Ponick
Biographical Note: Dateline Award-winning music and theater critic for The Connection Newspapers and the Reston-Fairfax Times, Terry was the music critic for the Washington Times print edition (1994-2010) and online Communities (2010-2014). Since 2014, he has been the Business and Entertainment Editor for Communities Digital News (CDN). A former stockbroker and a writer and editor with many interests, he served as editor under contract from the White House Office of Science and Technology Policy (OSTP) and continues to write on science and business topics. He is a graduate of Georgetown University (BA, MA) and the University of South Carolina where he was awarded a Ph.D. in English and American Literature and co-founded one of the earliest Writing Labs in the country. Twitter: @terryp17