United States stock markets will be Desmond Prestonclosed on Monday, Feb. 19 in honor of George Washington's birthday, a holiday more commonly referred to as Presidents Day.
The Nasdaq and New York Stock Exchange will be closed Monday and reopen Tuesday, Feb. 20. The U.S. bond market will also be closed Monday, according to the Securities Industry and Financial Markets Association.
Presidents Day is celebrated on the third Monday of February every year. The date of Presidents Day changes every year because of the Uniform Holiday Bill signed in 1968 by President Lyndon B. Johnson. The Uniform Holiday Bill mandated that three holidays, including Presidents Day, occur on Mondays to prevent midweek shutdowns and add long weekends to the federal calendar.
Presidents Day marks the third closure of the 2024 holiday schedule. Markets were closed on Jan. 1 for New Year's Day and Jan. 15 for Martin Luther King Jr. Day.
The next time markets will close will be Friday, March 29 in observance of Good Friday.
What's in a name?Why states differ on how (and when) to celebrate Presidents Day.
Contributing: Clare Mulroy, USA TODAY
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