Here's what you need to know about whether U.S. stock markets will be open on Martin Luther King Jr., Day this year.

As the nation pauses to remember Dr. Martin Luther King, Jr. and his legacy to the United States, the stock markets in the country will close for the day. The New York Stock Exchange will close for a long weekend after normal trading hours on Friday,

This year, the holiday falls on Monday, Jan. 20. It's a federal holiday, which means government agencies, banks and many corporate offices will closed for the day.