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The holiday was officially signed into law by President Ronald Reagan on November 2, 1983, designating the third Monday of January as a day of remembrance.
The New York Stock Exchange (NYSE) and Nasdaq will remain closed for the holiday and resume regular trading hours on Tuesday, January 21, 2025, as mentioned in a report by USA Today.
Similarly, the U.S. bond markets, regulated by the Securities Industry and Financial Markets Association (SIFMA), will also observe the closure, with operations resuming the following day.
Holiday Schedule
Martin Luther King Jr. Day holds a unique position as one of the 10 federal holidays recognized annually in the United States.
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