Wall Street closed for Martin Luther King day Wall Street was closed on Monday on account of Martin Luther King day. The Dow Jones Industrial Average closed 177.26 points, or 0.57% lower, at 30,814.26, the S&P 500 lost 27.29 points, or 0.72%, to 3,768.25 and the Nasdaq Composite dropped 114.14 points, or 0.87%, to 12,998.50. European shares slip on economic recovery worries European stocks inched lower on Monday as French retailer Carrefour tumbled after ending 16.2 billion euro ($19.57 billion) merger talks with Alimentation Couche-Tard, with worries about a slow economic recovery keeping investors on edge. The pan-European STOXX 600 index was up 0.16% after snapping a four-week winning run on Friday, with losses in oil and utilities offset by gains in technology stocks.