US stock markets to remain closed in honor of Jimmy Carter on National Day of Mourning

NEW YORK — 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. Tal Cohen, Nasdaq president, said in a statement the exchange would be closing its markets Jan. 9 “to celebrate 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.” In a separate announcement, NYSE Group president Lynn Martin also pointed to Carter’s “enduring legacy of humanitarianism” and said the exchange planned to honor his lifetime of service. President Joe Biden declared Jan. 9 as a National Day of Mourning shortly after Carter’s death on Sunday, which is customary following the passing of an American president. In the years that followed, the NYSE also closed to honor other U.S. presidents including, but not limited to, the national days of mourning for President Franklin D. Roosevelt in 1945, President John F. Kennedy in 1963, President Richard Nixon in 1994 and President Ronald Reagan in 2004.