The U.S. stock market will be closed on Monday in observance of Martin Luther King Jr. Day, so equity traders won't be able to immediately react to what President-elect Donald Trump says in his inaugural address. The bond market will also be closed.

U.S. stocks rallied on Friday to close out a strong week on optimism over the health of the economy and path of interest rates as investors braced for a slew of policy changes under the incoming Trump administration.