DAILY UPDATE: Stocks End Short Week on Mixed Note

MEDICAL EXECUTIVE-POST TODAY’S NEWSLETTER BRIEFING

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Essays, Opinions and Curated News in Health Economics, Investing, Business, Management and Financial Planning for Physician Entrepreneurs and their Savvy Advisors and Consultants

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  • Stocks ended the shortened trading week on a mixed note.
  • The Dow sank all day long, while the NASDAQ and S&P 500 struggled to stay out of negative territory. The S&P 500 squeaked by with a win, but the NASDAQ fell into the red just before the closing bell.
  • The VIX is up.
  • US sanctions on a Chinese refinery that imported $1 billion worth of Iranian oil helped crude wrap the week with a win.
  • The WSJ reported that President Trump has explored firing Jerome Powell for months now. “If I want him out he’ll be out of there real fast, believe me,” Trump told reporters at the White House today.

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Visualize: How private equity tangled banks in a web of debt, from the Financial Times.

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MLK Jr. & INAUGURATION DAY: Markets Closed Monday

By Staff Reporters

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U.S. Markets will be closed for Martin Luther King Jr. Day this Monday

The U.S. Markets will be closed on Monday, January 20th, 2025. Please be aware that, when making transactions after 4 p.m. EST on Friday, January 17th, 2025, you will receive the closing price as of Tuesday, January 21st 2025.

Martin Luther King Jr. Day is observed in the United States on the third Monday of January. This year coincides with the inauguration of President-elect Donald Trump.

Banks and government offices

Martin Luther King Jr. Day is a federal holiday, which means banks will be closed and government services as well, such as city offices, animal services, administrative offices of the police department, and administrative offices of fire department.

The U.S. Postal Service will not operate on Monday, along with other shipping services.

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OPEN / CLOSED: Today and Tomorrow?

By Staff Reporters

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Is the Stock Market Open or Closed on New Year’s Eve?

Bond markets will close early at 2 p.m. Eastern on Tuesday, while the New York Stock Exchange and the NASDAQ Stock Market will hold regular hours from 9:30 a.m. to 4 p.m. Eastern. Over-the-counter markets, where securities trade over a broker-dealer network rather than a major exchange, will keep normal hours.

Is the Stock Market Open or Closed on New Year’s Day?

Both the U.S. bond and stock markets will be closed in observance of New Year’s Day. Over-the-counter markets will be shut, too.

What About International Markets?

Foreign exchanges, such as the London Stock Exchange, the Euronext Paris, the Stock Exchange of Hong Kong, the Shanghai Stock Exchange, and the Tokyo Stock Exchange, will be closed on Wednesday, January 1st.

Will Banks and Post Offices Be Open?

Federal Reserve banks and United States Post Service locations will be closed in observance of New Year’s Day.

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DAILY UPDATE: Postage Stamps Become More Expensive!

By Staff Reporters

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Consider this ME-P as a PSA for anyone getting married and/or preparing to send a million thank-you notes: The price of a USPS first-class “Forever” postage stamp is rising from 63 cents to 66 cents, effective tomorrow.

You don’t hear much about stamp inflation, but it’s been soaring. The price of stamps has jumped 32% since early 2019, when they cost just 50 cents. Then again, the USPS has to make up for emptier mailboxes somehow. Volume for first-class mail (which includes letters) has plunged 51% since 2006.

WHY?

Can you say e-mail, twitter, social media and text-messages, etc?

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