The New York Stock Exchange will not operate on Thursday, January 9, as the nation observes a day of mourning for the deceased former President Jimmy Carter.

The Nasdaq will also halt trading of all U.S. stocks and options on that day. Although bond markets will be available, their hours will be shortened, closing early at 2 p.m. ET, following guidance from the Securities Industry and Financial Markets Association.

“Jimmy Carter, rooted in humble beginnings as a farmer and family man, dedicated his life to public service and safeguarding our freedoms,” stated Lynn Martin, President of the NYSE Group, in a news announcement.

The last occasion the New York Stock Exchange shut down to commemorate a former president’s passing was in December 2018, when former President George H. W. Bush died.

President Biden Declares a National Day of Mourning

Carter, who served as the 39th president of the United States from 1977 to 1981, passed away on Sunday at the age of 100, leading President Joe Biden to proclaim January 9 as a national day of mourning.

As part of this declaration, Biden instructed that flags be flown at half-staff starting Sunday and continuing for a duration of 30 days. Carter will have an official state funeral on January 9 at the Washington National Cathedral in Washington, D.C.

Additionally, federal offices will be closed on January 9 to pay respect to Carter’s memory.