While MLK Day is a time for reflection and community service, it also brings changes to the operations of banks, postal services, and shipping companies. Here’s what to expect. Banks will largely remain closed on MLK Day 2025 as it is a federal holiday.
U.S. stocks finished higher on Friday, the final trading day of Biden's term in office. All three major benchmarks posted weekly gains amid a retreat in Treasury yields. Investors were also looking ahead to next week, when Trump is set to be inaugurated as president of the United States for the second time.
As Martin Luther King Jr. Day and Inauguration Day overlap on January 20, 2025, many offices and services will be closed. This includes the USPS, stock markets, banks, and federal offices, though federal employees in Washington,
SLB helped lead the market after the provider of services to oilfields delivered bigger profit and revenue for the end of 2024 than analysts expected. It jumped 6.1% after it also raised its dividend by 3.6% and said it’s returning $2.3 billion to its investors by buying back its own stock.
Donald Trump is expected to elevate Michelle Bowman, a fifth-generation community banker and current Fed governor, as the government’s most influential banking regulator.
However, the Dow and the Nasdaq have seen their worst returns since George W. Bush's second term between 2005 and 2009, while the S&P 500 has logged its smallest gains since Barack Obama's second term between 2013 and 2017, according to Dow Jones Market Data (see table below).