U.S. Stock Exchanges to Close on January 9 in Memory of Jimmy Carter

3 min read | December 31, 2024 12:00 AM AEDT | By Team Kalkine Media

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U.S. Stock Exchanges to Close on January 9 in Memory of Jimmy Carter — Image source: shutterstock

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Highlights

- U.S. stock exchanges plan to close on January 9 in remembrance of Jimmy Carter.

- Trading hours adjustments announced for select markets on the same day.

- A national day of mourning declared to honor the former president.

The New York Stock Exchange (NYSE:ICE) and Nasdaq (NASDAQ:NDAQ) will close their equity and options markets on January 9 to honor former U.S. President Jimmy Carter. This decision follows the announcement of a national day of mourning, reflecting the profound impact of Carter's legacy. The former president passed away at the age of 100 in Plains, Georgia, leaving behind a remarkable history of humanitarian contributions during his post-presidential years.

The announcement came on Monday, with Nasdaq observing a moment of silence at 9:20 a.m. ET and displaying a tribute on its Nasdaq Tower in New York City. Tal Cohen, President of Nasdaq, expressed condolences on behalf of the exchange, marking the day as a solemn occasion.

Similarly, the New York Stock Exchange, owned by Intercontinental Exchange (NYSE:ICE), confirmed its participation in the national observance. As part of the tribute, the U.S. flag at the exchange will be flown at half-staff. Lynn Martin, President of the NYSE Group, acknowledged Carter's lasting legacy, particularly his commitment to humanitarian efforts.

Other trading platforms, including Cboe Global Markets (NYSE:CBOE), have announced adjustments to their schedules. Cboe stated its equities exchanges will remain closed for the day, with options and futures markets halting operations during regular trading hours. However, its digital exchange is set to maintain normal trading operations.

Additionally, CME Group (NASDAQ:CME) has outlined changes to its trading hours for specific markets. Agricultural and interest-rate markets will close early at 12:15 p.m. CT on January 9. Repo and Treasury products traded on BrokerTec will also have adjusted closing times of 2:30 p.m. CT and 1:30 p.m. CT, respectively. Other markets, including cryptocurrency, energy, metals, and foreign exchange, will operate as usual.

The Chicago exchange network, under Cboe, also observed a one-minute moment of silence at 8:20 a.m. CT on Monday as a gesture of respect for Carter’s memory.

The day of closure and schedule adjustments highlight the financial industry’s acknowledgment of Carter's enduring legacy and the respect afforded to significant moments in U.S. history. These measures aim to align trading institutions with the broader national sentiment, ensuring a day of reflection for all.

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