The New York Stock Exchange and the Nasdaq will both observe Thursday's national day of mourning in a Wall Street tradition dating back to 1865.
WASHINGTON, DC - JANUARY 8: The flag-draped casket of former U.S. President Jimmy Carter lies in state in the U.S. Capitol Rotunda on January 8, 2025 in Washington, DC. Carter, the 39th President of the United States, died at the age of 100 on December 29, 2024 at his home in Plains, Georgia. The New York Stock Exchange and the Nasdaq will both close for trading today, as the financial industry joins aThe rare mid-week trading shutdown continues a Wall Street tradition that goes back to 1865.
When Carter died, the financial industry"collectively made a decision to honor what he's done, the service he's provided as president — and after he's been president," says Tal Cohen, president ofIt's rare for the stock market to close in the middle of the week. And it's not always planned: Both the NYSE and the Nasdaq closed in reaction to theCohen tells NPR that the Nasdaq had some time to prepare for today, as Carter died almost two weeks ago.
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