By Charles Passy
King's annual birthday celebration coincides this year with the civil rights leader's actual birth date.
On Monday, Americans will pay tribute to the 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, became a federal holiday in 1983 and was first observed in 1986.
The holiday is always celebrated on the third Monday in January, which this year coincides with King's actual birthday.
Martin Luther King's birthday - and a federal holiday - was chosen last July by Iowa Republicans as the date for the caucuses that kick off the presidential primary season.
This is what you can expect.
Stock and bond markets
US stock exchanges will be closed on Monday. Bond traders will also have a long weekend, as bond markets will also be closed on Monday.
mail and packages
The US Postal Service will not deliver mail on Monday. FedEx (FDX) will offer modified service in certain cases. UPS (UPS) will not offer pickup or delivery service.
Banks
Banks are generally closed, according to GoBankingRates.com. Of course, you can still make transactions using an ATM or your banking app.
government offices
Since MLK Day is a federal holiday, all non-essential federal government offices are closed. The same generally applies to state government offices.
Schools
Schools are typically closed on MLK Day, although there have been exceptions. It is always best to check with your school or school district.
stories
Stores are likely to be open on MLK Day, and many are using the occasion to promote sales.
-Charles Passy
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01/14/24 2006ET
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