Atlanta, Georgia – The New York Stock Exchange will halt trading on Thursday, January 9, to pay respects to the late former President Jimmy Carter. This gesture is part of a national day of mourning declared by President Joe Biden upon Carter’s passing at the age of 100 on Sunday.

It has been a tradition for the NYSE to suspend trading in honor of former presidents when they pass away. The last time this occurred was in December 2018 for George Herbert Walker Bush. Nasdaq will also close on January 9 out of respect for Carter’s memory.

In addition to the NYSE and Nasdaq, the bond market will close early at 2:00 p.m. ET on that day as per the recommendation of the Securities Industry and Financial Markets Association. Carter, known for his post-presidency peace efforts and humanitarian work, left a lasting impact on the nation.

President Biden has designated January 9 as a day of mourning for the nation in remembrance of Carter’s contributions. The former president’s funeral will take place that day at the National Cathedral in Washington D.C. Flags will be flown at half-staff for the next 30 days starting from Sunday to honor Carter’s legacy.