U.S. stock markets will be closed on Monday, Jan. 20, in observance of the Martin Luther King Jr. Day holiday.
President Ronald Reagan signed the King Holiday Bill into law on Nov. 2, 1983, thus designating the third Monday in January a federal holiday in observance of civil rights leader Dr. Martin Luther King, Jr, according to the National Museum of African American History and Culture.
The Nasdaq and New York Stock Exchange will both be closed on the federal holiday but will reopen for regular trading hours on Tuesday, Jan. 21…