The New York stock market will suspend trading on January 9, 2025, in observance of former President Jimmy Carter’s passing.
The New York Stock Exchange (NYSE) and Nasdaq will be closed that day.
While the bond market will operate, it will close two hours earlier than usual at 2 PM Eastern Time.
This decision follows the recommendations of the Securities Industry and Financial Markets Association (SIFMA).
Similarly, in December 2018, the New York Stock Exchange closed on the day of national mourning for former President George H.W. Bush, father of George W. Bush.
The NYSE, established in the late 18th century, also closed for a day in 1885 following the death of Ulysses S. Grant, the 18th President of the United States.
Carter, the 39th U.S. President, is one of the greatest former presidents in history.
Although he was unpopular during his presidency and did not seek re-election, Carter’s post-presidential legacy is remarkable.
After leaving office, he became renowned for his humanitarian efforts, including building homes for the homeless and addressing housing and clean water issues in developing nations.
Carter passed away on December 29 at the age of 100.
His funeral will be held at the National Cathedral in Washington, D.C., on January 9, designated for national mourning.
President Joe Biden ordered flags to be flown at half-staff for 30 days starting December 29.
The NYSE and Nasdaq will also be closed on January 1, New Year’s Day, and on January 20, for Martin Luther King Jr. Day.
The stock market has closed every year on the anniversary of Martin Luther King Jr.’s death since his assassination in 1958.
