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President Joe Biden has declared January 9, 2025, a National Day of Mourning for former President Jimmy Carter, leading to the closure of federal offices and the United States Postal Service. While stock markets will be closed, most banks will remain open, and FedEx and UPS are expected to operate normally.
The stock market will close on January 9 in observance of a National Day of Mourning for former President Jimmy Carter, who passed away at 100. His funeral will take place at Washington National Cathedral, followed by a private service in his hometown of Plains, Georgia. President Biden will eulogize Carter, and flags will be flown at half-staff for 30 days in his honor.
On January 9, a National Day of Mourning will be observed for Jimmy Carter's funeral, leading to the closure of federal agencies and the United States Postal Service, resulting in no mail delivery. While the stock market will be closed, most banks and public schools will remain open, as it is not an official federal holiday. However, military schools affiliated with the U.S. Department of Defense Education Activity will be closed.
U.S. stock markets closed mixed on January 9, 2025, with the Dow and S&P 500 gaining 0.3% and 0.1%, respectively, while the Nasdaq Composite fell 0.1%. Concerns over inflation and interest rates persisted, despite weak labor market data providing some investor reassurance. The Federal Reserve indicated a cautious approach to future rate cuts, now projecting only two 25-basis-point reductions in 2025.
A funeral service for former President Jimmy Carter will take place on January 9 in Washington, D.C., following his passing at the age of 100. While stock markets will be closed in observance, bond markets will operate on reduced hours, closing early at 2 p.m. ET. The service will be broadcast across major networks and streamed live by USA TODAY.
Former President Jimmy Carter passed away on December 29, 2024, at the age of 100, marking a National Day of Mourning on January 9, 2025. Flags are flown at half-staff in his honor, and federal offices, including the Supreme Court, will be closed that day. A national funeral service is scheduled at the Washington National Cathedral, attended by all living former presidents.
Thursday marks a national day of mourning for former President Jimmy Carter, who passed away at 100. A state funeral will be held at Washington National Cathedral at 10 AM ET, with federal offices closed and the U.S. Postal Service suspending mail delivery. While stock markets will be closed, most banks are expected to remain open, and most schools will operate normally, though some may close due to winter weather. The IRS has extended the deadline for tax returns and payments originally due on this day to January 10, 2025.
Asian stocks mostly declined amid renewed concerns over potential trade friction with President-elect Donald Trump. Japan's Nikkei fell 0.9% following strong wage growth data, while the Shanghai Composite dropped 0.6% as inflation signals pointed to weak demand. In the U.S., markets were steady, with the S&P 500 recovering slightly after previous losses, as investors awaited key economic reports.
World shares showed mixed results as U.S. economic data eased concerns on Wall Street, with markets closed for a National Day of Mourning for former President Jimmy Carter. European indices varied, while Asian markets mostly declined amid trade friction fears linked to President-elect Trump. U.S. private sector hiring slowed more than expected in December, raising hopes for interest rate cuts, while bond yields remained stable.
World shares experienced a mixed day as U.S. economic data eased concerns on Wall Street, with markets closed for a National Day of Mourning for former President Jimmy Carter. European indices showed varied results, while Asian markets mostly declined amid trade friction fears linked to President-elect Donald Trump.In Japan, strong wage growth prompted a drop in the Nikkei 225 index, while China's consumer price index indicated weak demand. U.S. bond yields fluctuated, with expectations for future interest rate cuts amid a solid job market, as investors remain cautious about potential tariffs and their economic impact.
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