US Stock Markets to Observe Day of Mourning for President Carter
In a show of national respect,major US stock exchanges will close their doors on January 9th,2025,in observance of a national day of mourning for former President Jimmy Carter. The proclamation, made by the New York stock Exchange (NYSE), NASDAQ, and Cboe Global Markets, follows the passing of the 39th President on December 29th at the age of 100.
This closure aligns with established US tradition of suspending financial market operations following the death of a former president.The last such closure occurred on December 5th,2018,for the state funeral of President George H.W. Bush.
NYSE Group President Lynn Martin released a statement expressing the exchange’s sentiments: “In honor of former President Carter’s lifelong service to our country, we will be closed on this day of mourning.” The statement also noted that the US flag will be flown at half-mast during the mourning period.
Further demonstrating the widespread respect for the late president, the Securities Industry and Financial Markets Association (SIFMA) has recommended an early closure for the US Treasury spot market on January 9th, closing at 2:00 pm ET.
The closure of the stock markets underscores the profound impact President Carter had on the nation and the world. His legacy of peacemaking, human rights advocacy, and dedication to public service continues to resonate deeply within the American consciousness.
While the CME Group has yet to announce its plans for January 9th, the widespread closure of other major exchanges reflects the solemnity of the occasion and the nation’s collective remembrance of President Carter’s remarkable life and contributions.
this story will be updated as more details becomes available.
This article states that major US stock exchanges, including teh NYSE, NASDAQ, and Cboe Global Markets, will be closed on January 9th, 2025, in observance of a national day of mourning for former President Jimmy Carter.
Here are the key takeaways:
Reason for closure: To honor former President Jimmy Carter who passed away on December 29th at the age of 100.
Precedence: This closure follows the tradition of suspending financial market operations after the death of a former president.The last time this occurred was in 2018 for President George H.W. bush.
Statements: NYSE Group President Lynn Martin expressed the exchange’s respect for President carter’s service and confirmed that the US flag will be flown at half-mast during the mourning period.
Further closures: SIFMA recommended an early closure for the US Treasury spot market at 2:00 pm ET on January 9th.
The article highlights the profound impact President Carter had on the nation and the world, emphasizing his legacy of peacemaking, human rights advocacy, and dedication to public service.
