BREAKING NEWS: Martin Luther King Jr. Day Holiday

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U.S. stock markets will be closed on Monday, January 19th, in observance of the Martin Luther King Jr. Day holiday.

The third Monday in January became a federal holiday to honor the life of the Rev. Martin Luther King Jr. on November 2nd, 1983, when President Ronald Reagan signed the King Holiday Bill into law, according to the National Museum of African American History and Culture. The day should be used annually to remember the civil rights leader “and the just cause he stood for,” Reagan said in his remarks, according to the Ronald Reagan Presidential Library and Museum.

The Nasdaq and New York Stock Exchange will both be closed Monday for the federal holiday but will reopen for regular trading hours on Tuesday, January 20th.

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