The New York Stock Exchange will halt trading on Thursday, January 9, to observe a national day of mourning in honor of former President Jimmy Carter.

The Nasdaq has also announced the suspension of trading for all U.S. equities and options on that day. While bond markets will remain open, they will operate on reduced hours, closing at 2 p.m. ET as recommended by the Securities Industry and Financial Markets Association.

Lynn Martin, President of NYSE Group, commented in a news release, “Jimmy Carter, who came from humble beginnings as a farmer and family man, dedicated his life to public service and safeguarding our freedoms.”

The last occasion the New York Stock Exchange paused trading to honor a former president was in December 2018, following the death of George H. W. Bush.

President Biden declares a national day of mourning

<p.Carter, who was the 39th President of the United States from 1977 to 1981, passed away on Sunday at the age of 100, which led President Joe Biden to designate January 9 as a national day of mourning.

As part of his declaration, Biden has ordered flags to be flown at half-staff starting immediately and continuing for the next month. The official state funeral for Carter will take place on January 9 at the Washington National Cathedral in Washington, D.C.

In addition, federal offices will be closed on January 9 to honor the memory of Carter.