Is the stock market open on MLK Day? When did Arizona recognize MLK Day?

Martin Luther King Jr. Day is a federal holiday in the United States that honors the life and legacy of Martin Luther King Jr., a Baptist minister, and civil rights activist who played a key role in the American civil rights movement.

The holiday is observed on the third Monday of January each year, which is close to King’s birthday, January 15. MLK Day is a U.S. Stock Market Holiday, during which the U.S. Stock Market, including the Nasdaq and New York Stock Exchange (NYSE), is closed.

The market will open again on Tuesday, January 16 and normal trading hours will resume. The bond market is also closed on this day. Banks are generally closed, but it is best to check with individual banks to confirm their hours of operation.

Arizona was one of the last states to observe MLK Day, after a long and controversial history that involved boycotts, protests, and a lost Super Bowl.

Arizona recognized Martin Luther King Jr. Day in 1993 after the National Football League threatened to pull the Super Bowl from Arizona over a controversial bill. Arizona voters finally approved the holiday in 1992, and it was first celebrated in 1993.