U.S. banks were closed on Monday, stocks gained on Friday

Source: Dukascopy Bank
"We have the U.S. economy accelerating with the job data and housing data also beginning to look pretty good"
- Peter Garnry, an equity strategist at Saxo Bank A/S

U.S. banks were closed on Monday in observance of President's Day.

U.S. stocks climbed on Friday. The S&P 500 advanced 0.23%, or 3.19, to 1,361.23. The Dow Jones Industrial Average increased 0.35%, or 45.79 points, to 12,949.87.

"We have the U.S. economy accelerating with the job data and housing data also beginning to look pretty good," said Peter Garnry, an equity strategist at Saxo Bank A/S.

"We think it is in most countries' interest to preserve the European Union and the euro. We think there will be a deal."

© Dukascopy Bank

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