Presidents’ Day is a federal holiday in the United States that honors the birthdays of George Washington and Abraham Lincoln. It is celebrated on the third Monday in February each year, and this year it falls on Monday, February 15th. As a result, the stock market will be closed on that day.
This closure is part of a larger trend of the stock market being closed on all federal holidays. This is to honor the day and allow people to spend time with their families and celebrate the holiday. It is also to prevent any kind of market manipulation that could take place if the stock market was open.
The stock market will also be closed on the day before and day after Presidents’ Day, which are known as the “Presidents’ Day holiday weekend.” This means that the stock market will be closed on Friday, February 12th, Monday, February 15th, and Tuesday, February 16th.
This closure will have an effect on the stock market, as some investors may choose to wait until after the holiday to make any trades. This could lead to a decrease in the trading volume for these days, as well as a decrease in the overall liquidity of the market.
It is important to note that this closure does not affect the trading of stocks on other exchanges, such as the Nasdaq or the New York Stock Exchange. These exchanges will remain open on Presidents’ Day and throughout the holiday weekend.
Overall, the stock market will be closed on Monday, February 15th in observance of Presidents’ Day. This closure is part of a larger trend of the stock market being closed on all federal holidays, and it is important to note that this closure does not affect the trading of stocks on other exchanges.