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Monday Morning Market Intel: Feb. 17, 2020

YOUNGSTOWN, Ohio — The new week begins with government offices, banks, the stock and commodity markets closed for the Presidents Day federal holiday. The nation used to celebrate George Washington’s birthday on the actual date, Feb. 22. Then, in 1971, Congress passed the Uniform Federal Holidays Act that established a Monday schedule for most federal holidays that enabled three-day weekends.

Still, many private businesses do not close on President’s Day – or on some of the other Monday holidays. So here we are, presenting your Monday Morning Market Intelligence!

Once again, prospects for Lordstown Motors Corp. topped the news last week as President Trump’s fiscal 2021 budget proposed to cut a loan program that could provide LMC $200 million in startup capital. On Saturday, we reported on a real estate deal involving an entity of The Muransky Companies and that story quickly rose to second place.

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