On Thursday, January 9, the US stock market will be closed due to the former president Jimmy Carterin in honor of who died at the end of December at the age of 100.
A state funeral for the 39th President of the United States will be held today. President Joe Biden declared January 9 a national day of mourning for this reason.
A funeral ceremony will be held for Carter in Washington, D.C., after which the casket will be flown to Carter’s hometown of Plains, Georgia for a private funeral.
Carter is the oldest living US president. He served as the President of the United States from 1977 to 1981, and received the Nobel Peace Prize in 2022 for his work for peace, democracy and human rights, as well as economic and social development.
The New York Stock Exchange and Nasdaq will remain closed throughout Thursday. A rare catch up in the middle of the week is related to the tradition of the financial industry, which is known to have already started of Abraham Lincoln of the assassination in 1865, when the New York Stock Exchange closed for trading for several days.
Since then, US stock markets have closed to honor the late presidents. The last time this happened was in 2018, when the president George H.W. Bush died in.
Source: www.arvopaperi.fi
