Merchants will get a while off from the inventory market at the moment, in observance of Washington’s Birthday, also referred to as Presidents’ Day, which is historically celebrated on the third Monday of February.
The U.S. bond market is closed as nicely, that means no buying and selling within the closely-watched 10-year Treasury observe. The benchmark has taken on elevated significance in current months because the Fed debates the dimensions and velocity of tighter financial coverage to fight red-hot inflation.
Metals and commodities market – together with for Nymex crude oil and Comex-traded gold – can even be closed at the moment, although futures are energetic. Contracts linked to WTI crude oil fell underneath $90 early Monday, whereas these linked to the Dow, S&P 500 and Nasdaq caught a bid as President Biden and Russian chief Vladimir Putin agreed ‘in precept’ to a summit over Ukraine.
The danger-on angle is spreading to crypto markets (which by no means take a time off), with Bitcoin final altering palms up 2% at $39,033, although the sentiment is also upended by the developments surrounding Ukraine.
See Searching for Alpha’s complete information to Inventory Market Holidays. Additionally keep forward of the curve by testing a few of this week’s actionable occasions with Searching for Alpha’s Catalyst Watch.