NEW YORK (AP) — U.S. stock markets will remain closed on Jan. 9 in honor of former President Jimmy Carter, continuing a long-held Wall Street tradition in mourning the nation’s leaders.
Both the New York Stock Exchange and Nasdaq announced this week that they plan to close their equity and options markets next Thursday in observance of a National Day of Mourning for the 39th U.S. president and global humanitarian. Carter died on Sunday at his home in Plains, Georgia. He was 100 years old.
The Nasdaq and NYSE also each observed a moment of silence Monday in remembrance Carter. And the NYSE says it will fly its U.S. flag at half-staff throughout the mourning period of the late president.
Tal Cohen, Nasdaq president, said in a statement the exchange would be closing its markets Jan. 9 “to celebrate (Carter’s) life and honor his legacy.” He added that Carter “was an exemplary leader, one who tirelessly continued his efforts to improve the human condition even after his tenure in public office was complete.”