E-Paper
Will the US stock market be open on Donald Trump’s first day in office?
The US government observes a closure every year on the third Monday of January to pay tribute to Martin Luther King Jr., with this year’s date being January 20.
US stock markets will remain closed on Monday, January 20, in observance of Martin Luther King Jr. Day, a federal holiday dedicated to nationwide acts of community service. The day also marks Donald Trump's first day as President of the United States.
The US government observes a closure every year on the third Monday of January to pay tribute to Martin Luther King Jr., with this year’s date being January 20.
The holiday is held in honour of King Jr.’s birthday, which occurred on January 15, 1929.
Martin Luther King Jr. Day recognises the civil rights leader’s efforts to combat segregation and racism through peaceful methods.
The inauguration signified a victorious return for the Republican leader, who had overcome two impeachment trials, a felony conviction, two assassination attempts, and legal battles over the 2020 election.
The ceremony is set to be held inside the Rotunda of the US Capitol, a location that holds symbolic significance. Four years ago, the same building was stormed by a mob of Trump supporters in a failed attempt to prevent his loss to Democrat Joe Biden.
For the first time in four decades, the swearing-in ceremony was relocated indoors because of the severe cold weather.
US stock indices ended higher on Friday, driven by optimism about the strength of the American economy.
The Dow Jones Industrial Average climbed 334.70 points (0.78 per cent) to 43,487.83. The S&P 500 advanced 59.32 points (1.00 per cent) to 5,996.66, while the Nasdaq Composite surged 291.91 points (1.51 per cent) to 19,630.20.
