Stock Market Closed for President’s Day. Here’s What to Watch for Tuesday
The U.S. stock exchange will be closed to observe President’s Day for Monday, February 17th, but that does not mean that investors will be sleeping on important stocks.
The Nasdaq Composite, Dow Jones, and S&P 500 will not be reporting stock movements for President’s Day today, as the market is closed. However, several key stocks are worth watching during the bank holiday.
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The Dow Jones closed with a loss of 0.37% on Friday as trading finished. The Nasdaq was up, though, by 0.41%. The S&P 500 stayed mostly even with a loss of 0.01% at the end of trading Friday.
These numbers closed off a week that was mostly positive for the stock market, with gains that overcame poor investor sentiment about the Consumer Price Index and resilient inflation. Overall, the stock market gained during Valentine’s week, with the Nasdaq gaining 2.58%.
The S&P 500 and the Nasdaq Composite both achieved close to their all-time records this last week. Thursday was far and away the best day for the week, with a positive response to President Donald Trump deciding to hold off on new tariffs for the global markets. He decided instead to install reciprocal tariffs.
Stocks to Keep an Eye on for Tuesday
The market will open back on Tuesday and should be very active as traders have had to sit on their hands for a long weekend. That could mean major movement for a number of stocks.
Nvidia (NVDA) stock gained 2.63% on Friday before the market closed and could continue to climb on Tuesday. Overcoming a recent challenge to its superiority in the AI chip market, Nvidia is poised to do very well this year.
Tesla (TSLA) lost 0.03% on Friday and could climb quickly later this week. This has been one of the key stocks this year, with excellent movement during January but a lower performance for February so far. The expectation is that this stock will really take off this year thanks to the CEO Elon Musk’s position in the U.S. government and the strong guidance that was issued for the company for 2025.
If Bitcoin starts to gain ground again, then MicroStrategy (MSTR) could be in an excellent position to profit. We would also urge investors to look at GameStop (GME) stock, which could be up again in the near future and the company’s CEO has invested heavily in Bitcoin.
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