Monday is the second market holiday of the new year as trading gets put on hold in recognition of the Martin Luther King Jr. holiday.
On Friday, the S&P 500 rose 15.92 points, or 0.4%, to 3,999.09. The Dow Jones Industrial Average rose 112.64 points, or 0.3%, to 34,302.61. The Nasdaq rose 78.05 points, or 0.7%, to 11,079.16.For the week, the Nasdaq was the big winner, gaining more than 4%. The tech-heavy market has also gained nearly 6% to start the year.
JPMorgan Chase rose 2.5% after beating analysts' expectations for earnings and revenue. Bank of America also shook off a morning stumble to rise 2.2% after reporting better results than expected. sank 3.5% despite reporting stronger results for the end of 2022 than expected. Its forecast for profit this quarter fell short of analysts’ expectations.Tesla shares also weighed on Wall Street, falling 0.9% after the automaker slashed prices dramatically on several versions of its electric vehicles.
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Sculpture commemorates Rev. Martin Luther King Jr. and Coretta Scott King in BostonNearly 60 years after Rev. Martin Luther King Jr. addressed thousands on the Boston Common, city officials unveiled a sculpture commemorating the civil rights leader and his wife, Coretta Scott King.
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Community activist and retired teacher leads Martin Luther King Jr. parade with loveArdelle Matthews, longtime community activist with her late husband (Bob Matthews), is the grand marshal in this year's annual Martin Luther King Jr. Day parade, which she and her husband have been instrumental in the continued growth and development of, celebrating the life and work of Dr. King.
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Where to celebrate Martin Luther King Jr. Day in HoustonMLK Day celebrations will be happening all weekend long in the Houston area, leading up to the national holiday. Here are a few of those scheduled events.
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How Did Martin Luther King Jr. Day Become a National Holiday?On Martin Luther King Jr. Day, the entire nation pauses in remembrance of the Civil Rights icon. But did you know it took nearly 32 years of fighting for the day to become a federal holiday? NBCLX breaks down the events that led to a national celebration in honor of Dr. King.
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New 'random' Martin Luther King Jr. sculpture in Boston draws mixed reviewsA bronze sculpture called The Embrace honoring Martin Luther King Jr. was unveiled Friday in Boston, but the 20-feet long and 26-feet wide bronze sculpture is drawing a lot of mixed reviews.
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Martin Luther King, Jr.—facts and informationA civil rights legend, Dr. King fought for justice through peaceful protest—and delivered some of the 20th century's most iconic speeches.
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