On January 9, 2025, the New York Stock Exchange (NYSE) and Nasdaq will pause their operations to honor the late President Jimmy Carter. This closure is part of a long-standing tradition in Wall Street to observe mourning for U.S. leaders who have passed away.
Carter, who died on December 29 at 100 years old, is remembered not only for his presidency but for his ongoing dedication to global humanitarian efforts after leaving office.
Remembering a Legacy of Service: Jimmy Carter
The stock markets will be closed to mark a national day of mourning, which was declared by President Joe Biden following Carter’s death. Nasdaq President Tal Cohen emphasized Carter’s lasting influence, stating that the closure would celebrate his “life and legacy,” particularly his commitment to improving lives worldwide.
Similarly, Lynn Martin, President of the NYSE Group, highlighted Carter’s “enduring legacy of humanism” and the importance of acknowledging his contributions to society.
A Tradition Honoring U.S. Presidents
Wall Street has frequently closed to pay respects to U.S. presidents upon their death. The first such closure dates back to 1865 after the assassination of President Abraham Lincoln, when the NYSE remained closed for a week.
In subsequent years, markets have paused for other presidential deaths, including Franklin D. Roosevelt in 1945, John F. Kennedy in 1963, and Ronald Reagan in 2004. The most recent closure for a president was in 2018 following the death of George H.W. Bush.
While closures due to presidential deaths are rare, they are not the only occasions when the NYSE and Nasdaq shut down. Notable examples include the market suspensions after the assassination of Martin Luther King Jr. in 1968 and the terrorist attacks on September 11, 2001, which caused a market closure lasting until September 17, 2001.
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