U.S. Stock Markets to Close on January 9 in Honor of Former President Jimmy Carter

U.S. stock markets will close on January 9, 2025, in a mark of respect for the late former President Jimmy Carter. This observance aligns with a National Day of Mourning declared by President Joe Biden, following Carter's passing at the age of 100.

Jimmy Carter Honored: U.S. Stock Markets to Close for National Day of Mourning

Both the New York Stock Exchange (NYSE) and Nasdaq have announced the suspension of trading activities on January 9. This decision continues a longstanding tradition of closing markets to honor deceased national leaders. The NYSE will also fly its U.S. flag at half-staff throughout the mourning period.

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The practice of closing stock markets to honor late presidents dates back to at least 1865, following the assassination of President Abraham Lincoln. More recently, markets closed in 2018 to honor President George H.W. Bush. These closures reflect the nation's respect for its leaders and provide a moment for national reflection.

President Carter's State Funeral:

President Carter's state funeral is scheduled for January 9, coinciding with the market closure. Public observances will be held in Atlanta and Washington, D.C., with a private burial in Plains, Georgia. President Biden has ordered flags to be flown at half-staff for 30 days to honor Carter's legacy.

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FAQs:

Why are U.S. stock markets closing on January 9, 2025?
U.S. stock markets are closing to honor former President Jimmy Carter on the National Day of Mourning following his passing at the age of 100.

Which stock markets will be closed to honor Jimmy Carter?
Both the New York Stock Exchange (NYSE) and Nasdaq will remain closed on January 9, 2025.