Updated Dec 30, 2024 - Politics & Policy

Stock markets to close for Jimmy Carter day of mourning

Ben Berkowitz

Jimmy Carter walking the streets of New York City in 1977. — Jimmy Carter in New York City in 1977. Photo: UPI/Bettmann Archive/Getty Images

Financial markets will be largely — but not entirely — closed for the National Day of Mourning for Jimmy Carter on Thursday, Jan. 9.

State of play: Markets typically close on such days, as they did in December 2018 for the funeral of President George H.W. Bush.

The big picture: Carter died Sunday at age 100, and President Biden declared a day of mourning, usually treated as a federal holiday, to mark his passing.

Both the New York Stock Exchange and Nasdaq tell Axios they will close for the full day.
SIFMA, the trade association for investment banks and asset managers, is recommending bond markets close early at 2pm ET, in line with a 2019 policy change. (In 2018 it recommended a full closure for Bush's funeral.)
Banks might be closed. For Bush, the Office of the Comptroller of the Currency said banks could close offices in any state where the day had been declared a holiday.
President Biden issued an executive order closing federal agencies and offices on Jan. 9 as well.

Go deeper: How Jimmy Carter rebuilt his reputation post-presidency

Editor's note: The story has been updated with government closure plans.

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Stock markets to close for Jimmy Carter day of mourning

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