WASHINGTON, January 12, 2018: The champagne has been consumed, the noisemakers have been carted off by the trash guys and the 2017-2018 year-end festivities are over. Before we know it, we’re all back at the salt mines. But just as we’re beginning to re-adjust to what passes for normal life, the Martin Luther King, Jr. national holiday is upon us. MLK Day this year is celebrated this coming Monday, January15, 2018.
As is generally the case with our national (Federal) holidays, banks, Federal employees and stock markets take some time off, so traders and investors need to be aware of how this will affect trading action. Traders in particular should also be aware that Friday trading before a Monday holiday can be tricky as volume tends to go down and selling tends to go up. That’s generally attributed to individuals and funds that don’t want certain positions on during a long weekend due to potential headline risks.
Whatever the case, if things go a bit awry Friday, it should be a passing phenomenon. As for the rest of us, trading schedule adjustments are fairly simple for MLK Day.
Here’s the scoop:
Monday, January 15, 2018: All US markets (including equity, option, and fixed income) will be closed in observance of Martin Luther King, Jr. Day. There will be no pre-market or after-hours trading sessions.
Monday January 15, 2018: Canadian Markets will be open as usual, as MLK Day is not a Canadian holiday. But note: Canadian equity orders placed after the close of U.S. markets on Friday, January 12, 2018, will route to the Canadian exchanges on Tuesday, January 16, 2018.
Most international markets will be conducting business as usual. For trading directly in these markets, or for brokerage-specific guidance and availability, consult your brokerage for details.