Wall Street Dict Ohm Martin Luther King Day

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The New York Stock Exchanges remained closed Monday due to Martin Luther King Day. The rest of the week is trading on Wall Street. The Day of Honor of the American pastor and political activist of the same name has been a public holiday since 1986 and falls annually on the third Monday in January, around the time of King’s birthday.

People who work for the government have this day off. Not all companies give their employees furlough. Shops and restaurants are usually open as usual, although this varies in times of crisis.

Starting Tuesday, the brief exhibition week will mainly dominate US energy transportation and other developments around the coronavirus. Earning season in the US kicked off last week with results from major US banks, among others. This week it was the turn of Internet video service Netflix, chip maker Intel and technology group IBM.

Stocks in New York entered the long weekend with a loss on Friday. The Dow Jones index closed minus 0.6 percent at 30,814.26 points. The Standard & Poor’s 500 Index fell 0.7 percent to 3768.25 points, and the technology Nasdaq index fell 0.7 percent to 12,803.93 points.

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