U.S. financial markets will close Monday for Presidents Day.
No trading will take place on the New York Stock Exchange or Nasdaq until those exchanges reopen on Tuesday following the three-day holiday weekend to celebrate George Washington’s birthday. U.S. bond markets will also shut down Monday.
Most banks, including Federal Reserve Banks, will also shut their doors on Monday and the U.S. Postal Service will not deliver mail.
Foreign financial markets, however, are open Monday.
Markets became turbulent last week as investors worried about the latest developments in Ukraine, where Russia has been massing troops on the border.
The tensions are yet another concern for investors as they try to determine how the economy will react to record inflation and expected interest rate hikes from the Federal Reserve.
Recent stock market analysis: Fed looks at interest rate hikes amid inflation as Russia tensions send stocks lower