U.S. stock markets remained closed on Thursday, January 9, in observance of National Day of Remembrance for former President Jimmy Carter.
On January 9, the New York Stock Exchange (NYSE) and Nasdaq announced the suspension of trading activities.
The New York Stock Exchange will also fly U.S. flags at half-mast during the memorial period.
US President Joe Biden has declared a National Day of Remembrance following Carter’s death at the age of 100.
The practice of closing the stock market to honor late U.S. presidents dates back to 1865, after the assassination of President Abraham Lincoln.
U.S. stocks were little changed on Wednesday as investors digested the impact of two conflicting jobs numbers and media reports that President-elect Donald Trump is considering declaring a national economic emergency to combat inflation. Finished.
The Dow Jones Industrial Average rose 106.84 points, or 0.25%, to 42,635.20, the S&P 500 rose 9.20 points, or 0.16%, to 5,918.23, and the Nasdaq Composite Index fell 10.80 points, or 0.06%, to 19,478.88.
Eight of the 11 sectors in the S&P 500 rose, driven by gains in healthcare.
The yield on the benchmark 10-year note hit a high of 4.73%, but fell slightly to 4.677% by late Wednesday afternoon.
Wall Street investors are now bracing for the Department of Labor’s monthly jobs report to be released on Friday.
Jimmy Carter’s state funeral
Former US President Jimmy Carter, who suffered through the recession and the hostage crisis, was remembered at a state funeral on Thursday as a man who valued honesty and kindness over politics.
Hundreds of mourners attended the Washington National Cathedral, including all five living current and former U.S. presidents.
As the solemn ceremony began, Carter’s body was removed from the Capitol, where it had been for two days, and his flag-draped coffin was carried by a military honor guard to the stone steps of the cathedral.
In the 1976 US election after Richard Nixon’s Watergate scandal, Carter defeated Republican President Gerald Ford to win the White House.
