NYSE to Suspend Operations on January 9 to Honor Jimmy Carter

In observance of a national day of mourning for former President Jimmy Carter, stock market activities at the New York Stock Exchange will be paused on Thursday, January 9.

The tradition of halting trading when a president passes away is longstanding at NYSE. The most recent closure for such an event occurred in December 2018.

Additionally, other stock exchanges will also suspend trading. Meanwhile, the bond markets will see an early cessation of trading at 2:00 p.m. EST, aligning with guidelines from the Securities Industry and Financial Markets Association.

Jimmy Carter, celebrated as the 39th President and noted for his humanitarian and peace efforts after his presidency, passed at the century mark of his life. In response, President Joe Biden designated January 9 as a national day of mourning, with Carter's memorial service scheduled at the Washington D.C. National Cathedral. Furthermore, Biden ordered flags across the country to be lowered to half-staff for a span of 30 days commencing Sunday.

The NYSE, established in the late 18th century, began this homage practice in 1885, closing its doors to honor President Ulysses S. Grant upon his death. Such non-holiday closures are infrequent, reflected in previous instances like the suspension in 1968 after Martin Luther King Jr.'s assassination, showing the symbolic importance of the exchange in the global financial framework.