President Biden has announced that January 9, the same day as the 39th president’s state funeral, will be designated as National Day of Remembrance for Jimmy Carter.
In addition to ordering flags to be flown at half-staff for 30 days, Biden on Monday issued an executive order shutting down federal government agencies for the day. In honor of Carter, He died on December 29 at the age of 100, making him the longest-living US president.
However, not all federal employees are eligible for leave, as some are essential. However, post offices will be closed and most mail will no longer be delivered.
Is the stock market open today?
Wall Street will be largely shut down on Thursday, as was the last day of national mourning after former President George H.W. Bush’s death in December 2018.
“Jimmy Carter comes from humble roots as a farmer and family man and has a history of public service and private life,” NYSE Group President Lynn Martin said in a release announcing the New York Stock Exchange would close its markets on Thursday. He dedicated his life to defending the freedom of people.” To honor his death.
Nasdaq President Tal Cohen said, “President Carter was an exemplary leader who continued to work tirelessly to improve the human condition even after serving in public office. His contributions will be remembered for years to come.” It will be felt by people all over the world.” announced that the exchange will suspend trading in U.S. stocks and options.
Per the Securities Industry and Financial Markets Association (SIFMA) recommendation, the bond market will close early at 2pm ET.
Are banks open today?
Thursday is not an official federal holiday, so most banks will be open as usual.
The same is true for most public schools, many of which are expected to observe a minute’s silence at 10 a.m. Thursday, when Carter’s funeral is scheduled to begin at the Washington National Cathedral in Washington, D.C.