Biden declared this day a tribute to the late former President Jimmy Carter
If you're asking, "Is the stock market closed on January 9?" the answer is yes. Both the New York Stock Exchange (NYSE) and the Nasdaq will be closed on that day in observance of a National Day of Mourning for former President Jimmy Carter. President Joe Biden officially declared the day as a tribute to Carter, who passed away recently at the age of 100. The closure will coincide with Carter's state funeral.
This kind of market shutdown is a long-standing tradition when a former U.S. president passes away. For example, the markets closed in 2018 for George H.W. Bush’s funeral and back in 2004 for Ronald Reagan’s. It’s a way for Wall Street to show respect during a moment of national significance, and this time, it’s honoring the incredible legacy of Jimmy Carter.
The last time that the stock market was closed for a National Day of Mourning before 2025 was when George H. W. Bush passed away in December of 2018.
If you’re a trader or investor, this means no market action on Jan. 9. It’s a rare pause in the bustling world of finance, so you might want to take the opportunity to reflect on Carter's contributions or simply plan your trading schedule accordingly.
So, again, if you're wondering, "Is the stock market closed on January 9?" rest assured that it is. Mark your calendars, and make sure to handle any financial moves before or after this day of remembrance.