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Traders will have some time off in the stock market on Monday, in commemoration of Washington's birthday, also known as Presidents' Day, which is traditionally celebrated on the third Monday in February.
The US bond market, as well as the metals and The commodity market, including Nymex crude oil and Comex-traded gold, will also be closed, although stock futures are active. However, there is not much movement with contracts linked to the Dow (INDU) and S&P 500 (SPX) unchanged, and Nasdaq futures (NDX:IND) ahead by 0.1%. Cryptocurrencies will be available all day, with Bitcoin last changing hands at $52,373.
Investors will also have some time to consider the latest economic data, as conflicting reports on GDP, employment, retail sales and CPI inflation do little to resolve the debate over whether the economy is at greater risk of overheating or fall into a recession.
Looking ahead, this week will include major earnings reports from Nvidia (Advance) and Walmart could affect overall confidence in their respective sectors. Nvidia is up to more than 45% To date and is the AI โโsuperstar of the year, while Walmart is being labeled as one of the best defensive plays of the year. Walmart also has a three-for-one stock split that will go into effect at the close of business on Friday.
Stay ahead and check out some of this week's hands-on events with Finding Alpha Stocks to Watch.
