by Charles Passy
The annual celebration of King’s birthday falls on the civil-rights leader’s actual birth date this year
On Monday, Americans will pay tribute to late civil rights leader Martin Luther King Jr.
Martin Luther King Jr. Day commemorates the life and legacy of King, who was born on January 15, 1929 and became a leading voice in the fight for racial justice. MLK Day, as the holiday is often called, was made a federal holiday in 1983 and was first celebrated in 1986.
The holiday is always observed on the third Monday of January, which this year falls on the King’s actual birthday.
Martin Luther King’s birthday — and federal holiday — was chosen by Iowa Republicans last July as the date for the caucuses that kicked off the presidential primary season.
Here’s what else you can expect.
stock and bond markets
American stock exchanges will remain closed on Monday. Bond traders also get a long weekend, as bond markets will be closed on Monday as well.
mail and packages
The US Postal Service will not deliver mail on Monday. FedEx (FDX) will provide modified service in some cases. UPS will not provide pickup or delivery service.
banks
According to GoBankingRates.com, banks are generally closed. Of course, you can still make transactions using an ATM or your banking app.
government office
Since MLK Day is a federal holiday, all non-essential federal government offices are closed. The same generally applies to state government offices also.
schools
Schools are generally closed on MLK Day, although there are some exceptions. It is always best to check with your school or school district.
Store
Stores are likely to be open on MLK Day – and many use the occasion to boost sales.
-Charles Pacey
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(Concluded) Dow Jones Newswire
01-15-24 0803ET
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