Major trading markets and the federal government will take a break Thursday to commemorate the life of former President Jimmy Carter.

President Joe Biden declared January 9 a national day of mourning to coincide with Carter’s state funeral at Wash

The New York Stock Exchange and the Nasdaq will both observe Thursday's national day of mourning in a Wall Street tradition dating back to 1865.

Stock market closures are rare outside of regular holidays. Other events that closed the market include Hurricane Sandy and the September 11 attacks.

Find out if the stock market is open today. Check current trading house and holiday schedules for the NYSE, Nasdaq, and other exchanges.

Stock market holidays are non-weekend business days when the two major U.S. stock exchanges, the New York Stock Exchange (NYSE) and the Nasdaq, are closed for the day. These days often closely follow federal holiday schedules and include major holidays like Memorial Day and Thanksgiving.

Index futures edged down, with U.S. stock markets due to stay closed until Friday to mark former President Jimmy Carter’s memorial. In global markets, U.K. assets extended a volatile stretch, with the pound falling further and bond yields briefly spiking from already elevated levels.

World shares were mixed on Thursday as the U.S. stock market remained closed to observe a National Day of Mourning for former President Jimmy Carter.

Investors hoping for better returns in 2025 have an opportunity to make last-minute changes to their portfolios before the clock strikes midnight on New Year’s Eve. However, those looking to ring in New Year’s Day by making a fresh stock purchase might want to think twice.