BUSINESS

Financial markets will observe a national day of mourning to honor the late former President Jimmy Carter

January, 08, 2025-04:28

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Financial markets will observe a national day of mourning to honor the late former President Jimmy Carter:

On January 9, 2025, U.S. financial markets will observe a national day of mourning to honor the late former President Jimmy Carter, who passed away in December at the age of 100. The market closure will include:

1. **Equity and Options Markets**: The New York Stock Exchange (NYSE), Nasdaq, and CME Group will close their equity and options markets for the day.
2. **Expiration of Equity Options**: U.S. equity options that were scheduled to expire on January 9 will now expire on January 8.
3. **Bond Market**: The U.S. bond market will close two hours early, at 2:00 PM Eastern Time (7:00 PM GMT).

Lynn Martin, the president of NYSE Group, remarked that the closure would honor Carter’s "lifetime of service to our nation." Tal Cohen, the president of Nasdaq, highlighted Carter as an exemplary leader whose contributions would have a lasting impact.