The U.S. stock markets will be closed today, January 20, 2025, in honor of Martin Luther King Jr. Day. Future President Trump’s inauguration will also take place today, but the U.S. markets do not close for presidential inaugurations.
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In fact, on January 19, 2021, the day of President Biden’s inauguration, the markets soared. On that day, the market rallied to a record close, with both the S&P 500 and Nasdaq Composites reaching new highs. Today, on Trump’s second inauguration day, the markets are closed, so we will have to wait until Tuesday, January 21 to see the effect of his new presidency on the stock market.
Meanwhile, Donald Trump’s new TRUMP meme coin is having outsized effects on the crypto markets. The coin skyrocketed by over 18,000% in less than 24 hours. Read more about the new coin here.
Keep track of all stock market holidays with TipRanks’ Stock Market Holidays calendar.
