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US: Federal Govt And Markets Expected To Close For Carter Funeral On Jan 9

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The United States federal government and both the New York Stock Exchange and Nasdaq markets are likely to close on January 9 to observe the state funeral of former US President Jimmy Carter, who died on Sunday. Additional details of the funeral have not been made public.

  • President Biden said in a statement yesterday: "I do further appoint January 9, 2025, as a National Day of Mourning throughout the United States. I call on the American people to assemble on that day in their respective places of worship, there to pay homage to the memory of President James Earl Carter, Jr. I invite the people of the world who share our grief to join us in this solemn observance."
  • Fortune notes: "Sitting presidents will typically make an address when one of their predecessors passes on, generally declaring a National Day of Mourning on the day of the funeral. That means the federal government will shut down for a day and both the New York Stock Exchange and Nasdaq markets will not trade."
  • Although there is no formal language to compel a market closure, markets closed on December 5, 2018, to honour the passing of former President George H. W. Bush, on December 27, 2006, to mark the funeral of former President Gerald Ford, on June 11, 2004, for the funeral of former President Ronald Reagan, and on April 27, 1994, for the funeral of former President Richard Nixon.
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The United States federal government and both the New York Stock Exchange and Nasdaq markets are likely to close on January 9 to observe the state funeral of former US President Jimmy Carter, who died on Sunday. Additional details of the funeral have not been made public.

  • President Biden said in a statement yesterday: "I do further appoint January 9, 2025, as a National Day of Mourning throughout the United States. I call on the American people to assemble on that day in their respective places of worship, there to pay homage to the memory of President James Earl Carter, Jr. I invite the people of the world who share our grief to join us in this solemn observance."
  • Fortune notes: "Sitting presidents will typically make an address when one of their predecessors passes on, generally declaring a National Day of Mourning on the day of the funeral. That means the federal government will shut down for a day and both the New York Stock Exchange and Nasdaq markets will not trade."
  • Although there is no formal language to compel a market closure, markets closed on December 5, 2018, to honour the passing of former President George H. W. Bush, on December 27, 2006, to mark the funeral of former President Gerald Ford, on June 11, 2004, for the funeral of former President Ronald Reagan, and on April 27, 1994, for the funeral of former President Richard Nixon.