U.S. stock markets will close on January 9 as the United States commemorates Jimmy Carter, the nation's 39th president, who died Sunday night at the age of 100.
The announcement came a day after the current commander in chief, Joe Biden, announced a national day of mourning, and January 9 was scheduled to be the day of Carter's state funeral.
The American flag displayed above the New York Stock Exchange will be flown at half-staff during the memorial period in honor of President Carter. NYSE said in a statement.
“The NYSE honors President Carter's lifelong contributions to our country by closing our markets on Memorial Day,'' said NYSE President Lynn Martin.
The Nasdaq, home to many of America's biggest tech companies, will also close on January 9, he said.
“As we mourn President Carter's death, celebrate his life and honor his legacy, we will close U.S. markets during the Day of National Remembrance,” said Tal Cohen, head of the New York-based exchange. It will be closed,” he said.
The New York Stock Exchange and Nasdaq typically close on days when former presidents are laid to rest in honor.
The last time both exchanges followed this practice was on December 5, 2018, at the state funeral of the late 41st United States President George H.W. Bush.
It was also closed when Ronald Reagan was buried in 2004 and Gerald Ford died two years later.
This tradition began after the assassination of Abraham Lincoln in 1865. The New York exchange was also closed during natural disasters and national emergencies such as the terrorist attacks on the World Trade Center on September 11, 2001.
Biden announced Sunday night. Mr. Carter was scheduled to receive a state funeral in Washington, D.C., next month.
He called his fellow Democrat an “extraordinary leader, statesman and humanitarian” who “saved, uplifted and changed lives for people all over the world.”
President-elect Donald Trump said in a post on his platform Truth Social that the 39th president served his country at a critical time.
“Those of us who have been fortunate enough to serve as president understand that this is a very exclusive club. We are the only ones who can relate to the great responsibility of leading the greatest country in history. '' he wrote.
“The challenges Jimmy faced as president came at a pivotal time for our country, and he did everything in his power to improve the lives of all Americans. For that, we all thank him. I have an obligation.”
Biden's declaration means the American flag will be flown at half-staff next month and the federal government will shut down on January 9th.
In August 2015, President Carter underwent surgery to remove a mass on his liver and later revealed that he had cancer.
Later that month, he held a press conference in which he said doctors had discovered melanoma, “four very small specks” on his brain.
He will spend the last 19 months of his life in hospice care.
The former governor of his home state of Georgia celebrated his 100th birthday on October 1, nearly a year after his wife, former first lady Rosalyn, passed away after a months-long battle with dementia. Ta.
Until President Carter's death on Sunday in Plains, Georgia, the couple were the longest-married presidential couple, celebrating their 77th wedding anniversary on July 7, 2023.
The Carter Center, a nonprofit organization founded by the late 39th president in 1982, announced Sunday that public events will be held in Atlanta and Washington. The burial ceremony at Plains will be private.
During his tenure in the White House from 1977 to 1981, President Carter brokered a historic peace agreement between Israel and Egypt that remains in place to this day.
But he never recovered from Operation Eagle Claw, a failed U.S. mission to rescue 53 embassy staffers taken hostage at the U.S. mission in the Iranian capital Tehran in 1980.
The former peanut farmer was ousted just a few months later by Republican presidential candidate Ronald Reagan, and ended up becoming a one-term commander in chief.
After leaving office, Carter devoted his life to humanitarian work and the fight against climate change, and won the Nobel Peace Prize in 2002.
Shortly after President Carter's death, his son Chip said: “My father was a hero, not only to me, but to everyone who believes in peace, human rights, and selfless love. My brother, sister, and I share him with the rest of the world through these common beliefs. I did.
“The world is our family because he brought people together. We thank you for honoring his memory by living out our shared beliefs.”
