us stock markets close for national day of mourning for jimmy carter

US stock markets, such as the New York Stock Exchange and Nasdaq, halted trading on January 9 to observe a National Day of Mourning for former President Jimmy Carter.

The New York bourse will display the US national flag at half-staff throughout the mourning period, a tradition that has been followed since 1865 after the assassination of President Abraham Lincoln.

On the last trading day before the closure, US stocks showed minimal movement as investors evaluated conflicting jobs data and reports about President-elect Donald Trump's consideration of declaring a national economic emergency due to inflation.

The Dow Jones Industrial Average increased by 106.84 points, or 0.25%, closing at 42,635.20, while the S&P 500 rose by 9.20 points, or 0.16%, to finish at 5,918.23.

However, the Nasdaq Composite experienced a slight decline, losing 10.80 points, or 0.06%, to close at 19,478.88.

Benchmark 10-year yields reached a high of 4.73% before retreating to 4.677%.

Carter's state funeral occurred at the Washington National Cathedral and was attended by hundreds, including all five living current and former US presidents.

The ceremony paid tribute to Carter's legacy, highlighting his dedication to honesty and kindness during his presidency, which was marked by economic challenges and a hostage crisis.

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