Stock Market Closed Jan. 15 for MLK Day, But 'Holiday Effect' Could Impact Investor Decisions
• The U.S. stock market will be closed on January 15, 2024 for Martin Luther King Jr. Day • The "holiday effect" refers to pre-holiday market rises and post-holiday price drifts linked to investor optimism and confidence • Retail share prices often increase before holidays as customers spend more money • Some traders take holidays to relax while others see it as a chance to gain an advantage with less competition • TipRanks provides up-to-date stock research to help investors understand market movements around holidays like MLK Day