[HEADING=2]The stock market will close next month to honor Jimmy Carter[/HEADING]
William Gavin
Mon, December 30, 2024 at 11:08 AM EST
The stock market will close next month to honor Former President Jimmy Carter, who died Sunday at his home in Plains, Georgia, at the age of 100.
Carter, the 39th and longest-living U.S. president, was [honored with a moment of silence]('https://www.cnbc.com/video/2024/12/30/nyse-and-nasdaq-hold-a-moment-of-silence-to-honor-former-president-jimmy-carter.html') earlier on Monday at the New York Stock Exchange ([ICE]('https://qz.com/quote/ICE')) and the Nasdaq ([NDAQ]('https://qz.com/quote/NDAQ')). When he is laid to rest in January, Wall Street will take a break.
On Sunday, President Joe Biden ordered that the flag of the U.S. be flown at half-staff at all government and public buildings, as well as foreign embassies, for the next 30 days. He also named January 9 a national day of mourning and called on the American people to pay homage to the former president’s memory.
[SIZE=7]“President Carter was a man of character, courage, and compassion, whose lifetime of service defined him as one of the most influential statesmen in our history,” Biden said in a [statement]('https://www.whitehouse.gov/briefing-room/presidential-actions/2024/12/29/proclamation-announcing-the-death-of-james-earl-carter-jr/'). “He embodied the very best of America: A humble servant of God and the people.”[/SIZE]
All Nasdaq U.S. equities and options markets will be closed to observe the day of mourning and celebrateCarter’s “life and honor his legacy,” Nasdaq President Tal Cohen said in a [statement]('https://ir.theice.com/press/news-details/2024/The-New-York-Stock-Exchange-Will-Close-Markets-on-January-9-to-Honor-the-Passing-of-Former-President-Jimmy-Carter-on-National-Day-of-Mourning/default.aspx').
The NYSE said Monday that the New York Stock Exchange, NYSE American Equities, NYSE American Options, NYSE Arca Equities, NYSE Arca Options, NYSE Chicago, and NYSE National will also[close]('https://ir.theice.com/press/news-details/2024/The-New-York-Stock-Exchange-Will-Close-Markets-on-January-9-to-Honor-the-Passing-of-Former-President-Jimmy-Carter-on-National-Day-of-Mourning/default.aspx') to observe the day of mourning.
“During his noteworthy post-presidential life, President Carter left an enduring legacy of humanitarianism,” NYSE Group President Lynn Martin said in a statement. “The NYSE will respectfully honor President Carter’s lifetime of service to our nation by closing our markets on the National Day of Mourning.”
