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Market Extra: Which U.S. markets are closed for Martin Luther King Jr. Day?

All U.S. financial markets will be closed Monday to commemorate Martin Luther King Jr. Day, giving investors time to regroup ahead of the fourth-quarter earnings season, which is expected to pick up pace after the holiday.

Following heady gains since November, U.S. stocks have sputtered in recent sessions as investors sought more clarity on President-elect Donald Trump’s policies as well as worries about elevated valuations.

“The 8%-9% gain since Election Day feels somewhat like overexuberance to most professional investors, and now with fourth-quarter earnings beginning, questions as to if a pullback or giveback have begun are creeping into these professional investors’ minds,” said Bob Pavlik, chief market strategist at Boston Private Wealth.

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