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Meanwhile, former President Joe Biden celebrated the federal holiday he signed into law at a celebration at a historic Black church in Galveston, Texas.
Police in New York City are investigating an alleged car bomb threat against Assemblyman Zohran Mamdani, who is running in the Democratic primary for mayor.
Oil prices jumped in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that escalating battle could trigger a broader regional conflict and widely disrupt oil exports from the Middle East.
Social Security is on track to deplete its trust funds by 2034, one year sooner than previously forecast, when the federal retirement program will be required to cut monthly benefits by about 20%.