market activity on the recent York ownership trade will be closed on Thursday, Jan. 9 in accordance to the national day of mourning following the death of former President Jimmy Carter.

The Nasdaq said it would be closing market activity of all U.S. equities and options that day as well. debt safety markets will be open, but for reduced hours, closing early at 2 p.m. ET, according to a recommendation from the stocks and bonds Industry and monetary Markets Association.

“Jimmy Carter, with humble roots as a farmer and household man, devoted his life to community service and defending our liberty,” Lynn Martin, President of NYSE throng said in a information release.

The last period the recent York ownership trade closed market activity to integrity the passing of a former president was in December 2018, when former President George H. W. Bush died.

National day of mourning announced by President Biden

Carter, the United States’ 39th president serving between 1977 and 1981, died on Sunday at the age of 100, prompting President Joe Biden on Sunday to declare Jan. 9 as a national day of mourning.

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As part of the declaration, Biden ordered flags to be flown at half-staff starting on Sunday and continuing for the next 30 days. Carter’s official state funeral will be held on Jan. 9 at the Washington National Cathedral in Washington, D.C.

Federal offices will also be closed on Jan. 9 in integrity of Carter’s death.

Contributing: John Bacon, Alex Gladden, Rebecca Morin, USA TODAY

Fernando Cervantes Jr. is a trending information reporter for USA TODAY. Reach him at [email protected] and pursue him on X @fern_cerv_.