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US stock markets to remain closed in honor of Jimmy Carter on National Day of Mourning

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US stock markets to remain closed in honor of Jimmy Carter on National Day of Mourning
News

News

US stock markets to remain closed in honor of Jimmy Carter on National Day of Mourning

2025-01-01 05:02 Last Updated At:05:11

NEW YORK (AP) — U.S. stock markets will remain closed on Jan. 9 in honor of former President Jimmy Carter, continuing a long-held Wall Street tradition in mourning the nation’s leaders.

Both the New York Stock Exchange and Nasdaq announced this week that they plan to close their equity and options markets next Thursday in observance of a National Day of Mourning for the 39th U.S. president and global humanitarian. Carter died on Sunday at his home in Plains, Georgia. He was 100 years old.

The Nasdaq and NYSE also each observed a moment of silence Monday in remembrance Carter. And the NYSE says it will fly its U.S. flag at half-staff throughout the mourning period of the late president.

Tal Cohen, Nasdaq president, said in a statement the exchange would be closing its markets Jan. 9 “to celebrate (Carter's) life and honor his legacy." He added that Carter “was an exemplary leader, one who tirelessly continued his efforts to improve the human condition even after his tenure in public office was complete."

In a separate announcement, NYSE Group president Lynn Martin also pointed to Carter's “enduring legacy of humanitarianism” and said the exchange planned to honor his lifetime of service.

President Joe Biden declared Jan. 9 as a National Day of Mourning shortly after Carter’s death on Sunday, which is customary following the passing of an American president. Wall Street also has a tradition of paying homage to the nation's late leaders and closed their doors on these designated days.

Surviving records from the NYSE indicate that the first time the centuries-old exchange closed to honor a deceased president was likely April 15, 1865 — following the assassination of President Abraham Lincoln, the NYSE confirmed to The Associated Press Tuesday, and it remained closed until April 21, 1865. Trading was again suspended once on April 24th and 25th of that year, when Lincoln’s funeral procession reached New York.

In the years that followed, the NYSE also closed to honor other U.S. presidents including, but not limited to, the national days of mourning for President Franklin D. Roosevelt in 1945, President John F. Kennedy in 1963, President Richard Nixon in 1994 and President Ronald Reagan in 2004.

The last time both the NYSE and Nasdaq, which was formed in 1971, closed trading due to the death of a U.S. president was Dec. 5, 2018, honoring the late President George H.W. Bush.

While closures are rare on non-holidays, the NYSE and the Nasdaq have also suspended trading for the deaths of other notable figures and national tragedies over the years. According to CNBC and Bloomberg, the NYSE closed following the 1968 assassination of Martin Luther King Jr. And both the NYSE and Nasdaq canceled trading following the terror attacks on September 11, 2001, remaining closed until Sept. 17, 2001.

FILE - Egyptian President Anwar Sadat, left, U.S. President Jimmy Carter, center, and Israeli Prime Minister Menachem Begin clasp hands on the north lawn of the White House after signing the peace treaty between Egypt and Israel, March 26, 1979, in Washington. (AP Photo/ Bob Daugherty, File)

FILE - Egyptian President Anwar Sadat, left, U.S. President Jimmy Carter, center, and Israeli Prime Minister Menachem Begin clasp hands on the north lawn of the White House after signing the peace treaty between Egypt and Israel, March 26, 1979, in Washington. (AP Photo/ Bob Daugherty, File)

FILE - Former US President Jimmy Carter listens during a video interview with the Associated Press via a laptop at a hotel in London, Tuesday, Feb. 2, 2016. (AP Photo/Kirsty Wigglesworth, File)

FILE - Former US President Jimmy Carter listens during a video interview with the Associated Press via a laptop at a hotel in London, Tuesday, Feb. 2, 2016. (AP Photo/Kirsty Wigglesworth, File)

Chris Mapes, from Iowa, signs a condolence book for former President Jimmy Carter who died on Sunday, in the lobby of the The Richard Nixon Presidential Library & Museum in Yorba Linda, Calif., Monday, Dec. 30, 2024. (Jeff Gritchen/The Orange County Register via AP)

Chris Mapes, from Iowa, signs a condolence book for former President Jimmy Carter who died on Sunday, in the lobby of the The Richard Nixon Presidential Library & Museum in Yorba Linda, Calif., Monday, Dec. 30, 2024. (Jeff Gritchen/The Orange County Register via AP)

FILE - People pass the New York Stock Exchange on Nov. 5, 2024, in New York. (AP Photo/Peter Morgan, File)

FILE - People pass the New York Stock Exchange on Nov. 5, 2024, in New York. (AP Photo/Peter Morgan, File)

MIAMI BEACH, Fla. (AP) — U.S. Olympic runner Fred Kerley has been arrested in South Florida following a confrontation with police, authorities said.

Body camera footage released by Miami Beach police shows Kerley arguing with a group of officers late Thursday before a physical confrontation erupted. Kerley was wrestled to the ground, where an officer stuck him several times and then used a Taser on the 29-year-old sprinter, police said.

According to an arrest report, officers were investigating an unrelated active police scene when Kerley approached the area and attempted to force his way through to his vehicle, which was parked nearby. Officers had told Kerley to go around the area, but Kerley began to argue with them, which led to a shoving match with police.

Four officers tried to take Kerley into custody while he moved to evade arrest, officials said. After being stunned with the Taser, Kerley was taken to a local hospital and then to the Miami-Dade County jail.

Kerley is charged with battery, resisting an officer and disorderly conduct. Online court records didn't immediately list an attorney for Kerley, and USA Track & Field, the national governing body for track and field in the U.S., declined to comment on the arrest.

Kerley won the silver medal for the 100 meters at the 2020 Olympics in Tokyo and the bronze for the same event at the 2024 Olympics in Paris. He has also earned six medals at the World Athletics Championships.

FILE - Fred Kerley, of the United States, competes in the men's 100-meter heats at the 2024 Summer Olympics, Saturday, Aug. 3, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader, File)

FILE - Fred Kerley, of the United States, competes in the men's 100-meter heats at the 2024 Summer Olympics, Saturday, Aug. 3, 2024, in Saint-Denis, France. (AP Photo/Matthias Schrader, File)

FILE - Fred Kerley, of the United States, poses after winning the bronze medal in the men's 100 meters final at the 2024 Summer Olympics, Sunday, Aug. 4, 2024, in Saint-Denis, France. (AP Photo/Ashley Landis, File)

FILE - Fred Kerley, of the United States, poses after winning the bronze medal in the men's 100 meters final at the 2024 Summer Olympics, Sunday, Aug. 4, 2024, in Saint-Denis, France. (AP Photo/Ashley Landis, File)

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