On Monday, 17.02.2020, the US Stock markets will remain closed in observance of Presidents Day. The NASDAQ and New York Stock Exchange will enjoy an extended 3 day holiday due to George Washington’s Birthday, i.e., Presidents Day. The day was established in 1885 commemorating his birthday, however, this federal holiday now is observed as a day to honor all U.S. presidents. The Federal bank also remains closed on this day and the entire financial market for the US enjoys one of the most peaceful Monday slumbers of the year. The Securities Industry and Financial Markets Association suggested that the U.S. bond market also remains closed on Monday. The SIFMA has also suggested that there will be trading in dollar denomination and anything that is in the U.S. money market and Treasuries.
After a hiatus and jumbled upmarket in the last couple of weeks, it is a day of respite for the traders and experts who have witnessed every high and low in regards to stocks. The Dow Jones Industrial Average DJIA, -0.09% and the S&P 500 SPX,+0.18% were both a percentage lower than their respective record closes on Friday. Surprisingly, the 10-year Treasury note yield TMUBMUSD10Y, +0.00% ended up trading around 1.59%. On Monday, all trades of futures and options on CME Group exchanges will be put on hold. Such a holiday shall mean that there will be no settlements for crude-oil futures or Gold futures (GC00, -0.06%).
On the other hand, foreign financial markets are open for trading on Monday as well as the currency markets. On this Friday the stocks seemed to change a bit after the second straight weekly gain for them. However, the market has a lot to offer this week and hence the moment it reopens on Tuesday, every investor will be on his/her toes. Some of the giant stocks are all set to give out their quarterly reports for the last year which will interest investors and managers extremely.
If you wish to make some investments this week then this Monday is the best time for you to check what you have in the bank. You can reach out to financial experts and discuss the allocations of funds and what are the possible outcomes of the stocks in this week. This Monday holiday can give you a proper head start so that you can manage transactions better this week and make all the right calls for your money!