NYSE and Nasdaq will close on Jan. 9 to honor former President Jimmy Carter

From Nasdaq: 2024-12-30 11:29:12

US stock markets will close on January 9 in observance of a National Day of Mourning for former President Jimmy Carter, who passed away at the age of 100 on December 29. The New York Stock Exchange (NYSE), Nasdaq (QQQ), and Cboe Global Markets (CBOE) will all suspend operations, following a long-standing tradition of halting financial markets to honor deceased US presidents. CME Group, which operates other major markets, has yet to confirm its plans.

Carter, the 39th president of the United States, was the longest-living president in the nation’s history. The tradition of closing financial markets to honor a president dates back to Abraham Lincoln’s assassination in 1865, and most recently occurred on December 5, 2018, for President George H.W. Bush. NYSE President Lynn Martin stated the exchange would also fly the US flag at half-staff during the mourning period as a tribute to Carter’s lifetime of public service.

Market Overview
US stock markets to close January 9 for Carter’s day of mourning.
Tradition of market closures for presidents dates back to Lincoln’s death in 1865.
Last market closure was in 2018 for President George H.W. Bush’s funeral.

Key Points
NYSE, Nasdaq, and Cboe Global Markets confirm closures; CME Group undecided.
Carter was the longest-living president, passing at age 100 on December 29.
Markets also historically closed for national disasters and celebrations.

Looking Ahead
January 9 closure may slightly delay some market activities but is unlikely to impact broader trends.
Market closures for presidents emphasize their symbolic importance to national history.
Observers expect normal trading to resume on January 10 with minimal disruptions.

While the closure is rooted in tradition, market participants note that such interruptions are rare and typically do not cause long-term effects on trading or economic activity. The NYSE and other exchanges emphasized the significance of the gesture as a mark of respect for Carter’s contributions to the nation, a sentiment echoed by industry leaders.

Looking beyond January 9, the temporary pause is expected to have little impact on market momentum, as investors anticipate resuming activities with normal volumes and liquidity the following day. For now, the closure stands as a testament to the enduring connection between Wall Street and moments of national reflection.



Read more at Nasdaq: NYSE and Nasdaq Suspend Trading Jan. 9 in Tribute to President Carter