The New York Stock Exchange and Nasdaq have announced plans to shut down on January 9 as part of a National Day of Mourning to honor the late former President Jimmy Carter. This closure will apply to all stock and options markets on the day of Carter's official state funeral in Washington, DC.
This decision follows the tradition of US stock markets closing in the aftermath of a US president's passing. Similar closures occurred in November 2018 following the death of former President George H. W. Bush. Carter, the 39th US president, passed away in Georgia at the age of 100.
Lynn Martin, president of NYSE Group, expressed admiration for Carter's dedication to public service and defense of freedom. Martin highlighted Carter's post-presidential humanitarian efforts and announced the NYSE's decision to honor his legacy by closing the markets on the National Day of Mourning.
Nasdaq President Tal Cohen praised Carter as an exemplary leader whose contributions will have a lasting impact worldwide. Both the NYSE and Nasdaq observed a moment of silence at 9:20 a.m. ET on Monday to pay their respects.
Additionally, SIFMA, a financial trade group, recommended an early market close at 2 p.m. ET on January 9 for all fixed-income cash markets in remembrance of the National Day of Mourning. This recommendation extends to US government bond markets and corporate bond trading.
