U.S. stock and bond markets on Monday will be closed in observance of the Martin Luther King Jr. holiday, providing a pause after a bullish tilt on Wall Street to start 2019. The day honoring the civil-rights leader is traditionally observed on the third Monday in January and commemorates the life of King, who was born Jan. 15, 1929, and assassinated on April 4, 1968. A market closure for King’s birthday is a relatively new development. When the holiday was signed into law by President Ronald Reagan in 1983 and officially established in 1986, the New York Stock Exchange and other major exchanges remained open, though ... (full story)