The New York Stock Exchange (NYSE) will suspend trading on January 9th, as the nation observes a day of mourning to honor the late former president Jimmy Carter. President Biden has declared this day as a national day of remembrance to pay tribute to Carter’s life and contributions.
The passing of the president is a tradition of the New York Stock Exchange
The New York Stock exchange suspended trading in the United States when the president passed away is a tradition. The most recent one was in December 2018, when the market closed to mourn former president George H.W. Bush.
The New York Stock Exchange (NYSE), established in the late 18th century, first closed in 1885 to mourn the death of the 18th President of the United States, Ulysses S. Grant. Apart from this, the NYSE rarely closes on non-holidays.
Nasdaq responds in sync with the bond market
Nasdaq exchange will also halt trading on January 9 to pay respect to President Carter. At the same time, the bond market will shorten its business hours and close at 2:00 p.m. Eastern Time, in accordance with the recommendation of the Securities Industry and Financial Markets Association.
This article New York Stock exchange will be closed on January 9th to mourn former President Jimmy Carter first appeared on Chain News ABMedia.
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