Jan 20, 2025 10:34 PM IST
The US government observes a closure every year on the third Monday of January to pay tribute to Martin Luther King Jr., with this year’s date being January 20.
US stock markets will remain closed on Monday, January 20, in observance of Martin Luther King Jr. Day, a federal holiday marked by nationwide acts of community service.
The US government observes a closure every year on the third Monday of January to pay tribute to Martin Luther King Jr., with this year’s date being January 20.
The holiday is held in honour of King Jr.’s birthday, which occurred on January 15, 1929.
Martin Luther King Jr. Day recognises the civil rights leader’s efforts to combat segregation and racism through peaceful methods.
The inauguration marks a victorious return for the Republican leader, who overcame two impeachment trials, a felony conviction, two assassination attempts, and charges related to his efforts to overturn the 2020 election results.
The ceremony is set to be held inside the Rotunda of the US Capitol, a location that holds symbolic significance. Four years ago, the same building was stormed by a mob of Trump supporters in a failed attempt to prevent his loss to Democrat Joe Biden.
For the first time in four decades, the swearing-in ceremony was relocated indoors because of the severe cold weather.
US stock indices ended higher on Friday, driven by optimism about the strength of the American economy.
The Dow Jones Industrial Average climbed 334.70 points (0.78 per cent) to 43,487.83. The S&P 500 advanced 59.32 points (1.00 per cent) to 5,996.66, while the Nasdaq Composite surged 291.91 points (1.51 per cent) to 19,630.20.
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