U.S. Markets Closed for Martin Luther King Jr. Day; Futures Trading Continues
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Market Closure: U.S. stock markets are closed on January 19 in observance of Martin Luther King Jr. Day, although futures for the Dow Jones, S&P 500, and Nasdaq continue to trade, indicating market reactions to the holiday.
- Futures Performance: Dow futures fell 0.63%, S&P 500 futures dropped 0.7%, and Nasdaq 100 futures declined 0.92%, reflecting investor concerns over geopolitical developments and Federal Reserve uncertainty.
- Rising Metal Prices: Spot gold prices increased by 1.7% to $4,672.61 per ounce, hitting a record high as investors sought safe-haven assets following President Trump's announcement of new tariffs on several European nations.
- Asian Market Decline: Japan's stock market slid 1.3%, Hong Kong fell 1.02%, and both India and Australia experienced slight declines, demonstrating the impact of trade uncertainty on regional markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
