US stocks markets are closed for Presidents Day on Monday, resuming on Tuesday.
Meanwhile, Canada's TSX Composite was also shut, on account of Family Day.
Investors can do with a day off on account of the heavy week ahead, and a chance to recover from more record-breaking feats seen last Friday.
US stocks, beleaguered all session, managed to close Friday at a fresh record high, led by financials as well as takeover bidder Kraft Heinz (NASDAQ:KHC).
But a day is a long time in markets. The food conglomerate, which is backed by investor Warren Buffett, withdrew its $143bn takeover bid for European consumer products giant Unilever (NYSE:UL).
So expect some unwind when the market reopens on Tuesday.
The S&P 500 market bellwether, which spent the entire session below water managed in the last 30 minutes to race to close at a fresh intraday high of 2,351.16, up 0.2% on the day and 130 points higher than where it began the week.
The S&P 500 clocked its biggest weekly gain in six weeks as the US benchmark index finished Friday with a fresh closing record.
The Dow Jones Industrial Average, led by banks like Goldman Sachs (NYSE:GS) also managed to muster a record high finish. It too spent the entire session lower but in the last 15 minutes of trading it managed to pip a fresh intraday and closing high of 20,624.05, up 0.02%.
The tech-heavy Nasdaq Composite similarly marked an intraday record high at 5,838.58, up 0.4% on the day.
It was as though extra time would have delivered even higher records for the trio of leading tickers.
In the week ahead, however, markets might be more reserved.
Among Fed officials speaking one kicked off the show on Monday.
The US economy is on “sound footing,” a hawkish Federal Reserve official said in a speech that cautioned against asking the central bank to solve problems beyond its control such as low productivity growth.
Cleveland Fed President Loretta Mester, at a forum in Singapore, did not comment specifically on interest rates. However, she has dissented in the past in favour of quicker rate hikes and on Monday urged the Fed to focus on returning to a more normal policy footing, including trimming its $4.5-trillion bond portfolio.
The Fed has raised rates twice in two years and expects to pick up the pace of tightening this year as unemployment, at 4.8%, has fallen to near an equilibrium level and as the Republican-controlled White House and Congress are expected to provide fiscal stimulus on US President Donald Trump’s nod.
Another risk factor, and one likely to benefit commodity-based stocks, is that supply concerns and market expectations of growing demand from China are pushing copper prices higher.
Copper prices were already on the rise because of stoppages at the world's two largest mines of the red metal — a workers' strike at BHP Billiton's Escondida mine in Chile and export licensing issues at Freeport-McMoRan's Grasberg mine in Indonesia, which halted operations at the Southeast Asian mine.
The benchmark three-month copper price on the London Metal Exchange were 0.4 percent higher at $5,996.50 a metric ton on Monday morning, which was off the 21-month high of $6,204 a ton reached on February 13.
Meanwhile, brokers at Citi Research projected supply to move into deficit in 2017 for the first time in six years.