U.S. Stock Markets Close to Honor Former President Jimmy Carter
United States, Thursday, 9 January 2025.
On January 9, 2025, U.S. stock exchanges, including NYSE and Nasdaq, close to honor former President Carter, marking a rare mid-week market closure for a national mourning day.
Historic Market Closure
Following the passing of former President Jimmy Carter on December 29, 2024, at the age of 100 [1][3], major U.S. financial markets have implemented a comprehensive closure plan. This marks a continuation of a solemn Wall Street tradition that dates back to 1865 [3]. The closure decision came after President Joe Biden’s declaration of January 9, 2025, as a National Day of Mourning [4], requiring federal agencies to suspend operations.
Market Impact and Trading Adjustments
The closure affects all U.S. equities and options trading on both the New York Stock Exchange and Nasdaq [1]. The bond market will operate with modified hours, closing early at 2:00 PM ET [1][6]. The CME Group has also adjusted its schedule, with agricultural and interest rate markets closing at 12:15 PM CT, while cryptocurrency, energy, foreign exchange, and metals markets maintain normal trading hours [7]. This coordinated market response reflects the financial sector’s respect for President Carter’s legacy, as noted by Nasdaq President Tal Cohen [3].
Broader Economic Implications
The rare mid-week closure follows previous market shutdowns for significant events, including the passing of President George H.W. Bush in 2018 [5]. While schools and most businesses will remain open [4], the federal government closure has prompted several organizations to adjust their schedules. The Census Bureau has already moved its monthly wholesale trading data release, and companies like Walgreens Boots Alliance have rescheduled their quarterly financial results [1].
Trading Considerations
Market participants should note that while U.S. stock trading is suspended, the interbank forex market continues to operate globally, though with potentially reduced liquidity in USD pairs during U.S. hours [7]. Trading will resume on January 10, 2025 [6], with market observers advised to monitor positions and prepare for potential volatility when markets reopen [6].