NYSE to close for Jimmy Carter's funeral on Jan. 9

US stock markets will close Jan.9 as the United States mourns Jimmy Carter, the nation’s 39th president who died aged 100 on Sunday evening.The announcement came just one day after Joe Biden, the current commander-in-chief, announced a National Day of Mourning, with Jan.

9 slated to be the day of Carter’s state funeral.The flag of the United States displayed above the New York Stock Exchange will fly at half-staff in honor of President Carter throughout the mourning period, the NYSE said in a statement.“The NYSE will respectfully honor President Carter’s lifetime of service to our nation by closing our markets on the National Day of Mourning,” said NYSE president Lynn Martin.The Nasdaq, home to many of America’s tech titans, will also close on Jan.9, according to its president.“We mourn the loss of President Carter and will be closing our U.S.

markets during the National Day of Mourning to celebrate his life and honor his legacy,” said Tal Cohen, who heads the New York-based exchange.The New York Stock Exchange and the Nasdaq typically close on the day a former president is laid to rest as a mark of respect.The last time both exchanges followed this custom was for the state funeral of the late George H.W.Bush, the 41st President of the United States, on Dec.

5, 2018.They also closed when Ronald Reagan was buried in 2004, and when Gerald Ford passed away two years later.The tradition began after the 1865 assassination of Abraham Lincoln.The New York exchanges have also shut for natural disasters, and national emergencies such as the terrorist attacks on the World Trade Center on Sept.

11, 2001.Biden announced on Sunday evening Carter that would receive a state funeral in Washington DC next month.He called his fellow Democrat “an extraordinary leader, statesman, and humanitarian” who “saved, lifted, and changed the lives of people all across the globe.”In a post on his Truth Social platform, President-elect Donald Trump said the 39th presid...