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Is the inventory market open on Presidents Day? Listed here are buying and selling hours

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U.S. financial markets will pause on Monday to mark President’s Day – which is technically not the name of the holiday.

The New York Stock Exchange and Nasdaq will close on February 15th. The Securities Industry and Financial Markets Association (Sifma) recommends not trading US dollar-denominated securities, which means that the 10-year Treasury Note TMUBMUSD10Y at 1.209% – as well as money markets and certificates of deposit rates – will be closely monitored Join Dow Jones Industrial Average DJIA, + 0.09%,
the S&P 500 Index SPX + 0.47% and the Nasdaq Composite Index COMP + 0.50% in a static state.

Trading in futures and options on the CME Group CME, + 0.91% stock exchanges, will also cease on Monday. In other words, there will be no settlement when trading gold futures GCJ21, -0.33% or crude oil CL.1, + 1.78%..
However, traders can trade commodities on the Globex platform. The break begins after 1:00 p.m. Eastern.

So, here’s the skinny on Presidents Day. According to the Library of Congress, Congress declared Washington’s birthday in 1879 a public holiday. The first President of the Republic was born on February 22, 1732.

A number of sources indicate that the holiday was initially only celebrated in the District of Columbia, but was widely recognized as a federal holiday in 1885. This was the first time an American person was reminded of a bank holiday.

The Law on Uniform Holidays of 1968 changed the day of commemoration to the third Monday in February. The Library of Congress website states that the name of the day has never been officially changed to Presidents Day, and is often referred to by that name as February 12th is the birthday of 16th US President Abraham Lincoln.

The holiday is still often referred to as Washington’s birthday and is recognized by that name on the ICE by Intercontinental Exchange Inc., -0.21% New York Stock Exchange.

It is the story in which first a president and later two presidents, or the presidency in general, were recognized that may or may not be responsible for the differences in style that appear in written references to President’s Day – or, alternatively, President’s Day Presidents day.

Presidents Day is the style of choice for journalistic standard-setters like the Associated Press Stylebook (whose Twitter account tends to tweet a reminder annually) and the Wall Street Journal style guide.

Meanwhile, Canadian markets are closed on Family Day, which coincides with Presidents Day in the United States and falls on the third Monday in February. Trade on European markets and move on benchmarks such as the Stoxx Europe 600 SXXP (+ 0.83%) and the British FTSE 100 UKX (+ 1.40%),
should be on the road as usual on Monday.

However, Asian markets will be largely closed for the Lunar New Year, switching sides from the COVID-stricken Year of the Rat to the Year of the Ox, which officially began on February 12th. The Shanghai Composite Index SHCOMP, + 1.43%,
the CSI 300 000 300, + 2.14%,
The Shenzhen Composite Index 399106 (+ 1.75%) and the Hong Kong Hang Seng Index HSI (+ 0.45%) will close on Monday.

Chinese stock exchanges will pause February 11-17, while Hong Kong markets will be closed Friday through Monday.

Markets in Asia and the United States have soared in hopes of better economic times as the world tries to recover from the COVID-19 pandemic, which was first detected in December 2019 and has since caused 108 million cases worldwide – 27 million in the US, along with 475,000 US deaths, according to data from the Johns Hopkins University of Medicine.

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