Inauguration Day and Martin Luther King Jr. Day collide Monday in a rare occurrence. The big picture: Stock markets, banks, many schools and the U.S. Postal Service are closed for the federal holiday,

The life and legacy of Dr. Martin Luther King Jr. will once again be celebrated and honored Monday in events around the nation.

"While others were advocating for freedom by 'any means necessary,' including violence, Martin Luther King Jr. used the power of words and acts of nonviolent resistance, such as protests, grassroots organizing, and civil disobedience to achieve seemingly impossible goals," according to The King Center.