US stock markets to be shut on Monday, February 20, on account of Presidents Day

The US stock and bond markets will be closed on Monday, February 20, 2023, on account of Presidents' Day – which is marked to honour all former presidents of the United States.

Presidents' Day is observed annually on the third Monday in February every year. This day is also known as George Washington’s Birthday – the first president of the United States.

After closing at 4:00 PM EST on February 17, 2023, the US stock market won’t reopen until 9:30 a.m. EST on February 21. All benchmark indices of US markets such as Dow Jones, NASDAQ, and S&P 500 are scheduled to be closed on Monday.

On Friday, the S&P 500 declined 0.28 per cent to end the session at 4,079.09 points and the Nasdaq fell 0.58 per cent to 11,787.27 points, while Dow Jones rose 0.39 per cent to 33,826.69 points.

The see-saw session on Wall Street followed economic data this week that pointed to elevated inflation, a tight job market and resilience in consumer spending, giving the US Fed more room to raise borrowing costs, according to a Reuters report.

The S&P 500 posted eight new highs and one new low; the Nasdaq recorded 75 new highs and 68 new lows, the report further said.

Except stock and bond market, it’s anticipated that the federal bank, currency, commodities, and overseas financial markets will all be open on Monday.

The US markets are expected to observe 10 stock market holidays and two half-day holidays in 2023 as compared to nine US stock market holidays and one half-day holiday in the previous year.

The next stock market holiday in the United States will be Good Friday on April 7, 2023.

The Us markets holidays in 2023 are: Martin Luther King, Jr. Presidents' Day, Good Friday, Memorial Day, Juneteenth, Independence Day, Labour Day, Thanksgiving (with an early close at 1 p.m. EST on the following day, also known as Black Friday), and Christmas Day.