This summary text is fully AI-generated and may therefore contain errors or be incomplete.
On January 9, US stock markets, including the New York Stock Exchange and Nasdaq, halted trading to observe a National Day of Mourning for former President Jimmy Carter. During this period, the New York bourse displayed the US national flag at half-staff, honoring a long-standing tradition that dates back to 1865.
On the last trading day before the closure, US stocks experienced minimal changes as investors reacted to conflicting jobs data and reports regarding President-elect Donald Trump’s potential consideration of a national economic emergency declaration due to inflation. The market performance was as follows:
- The Dow Jones Industrial Average increased by 106.84 points, or 0.25%, closing at 42,635.20.
- The S&P 500 rose by 9.20 points, or 0.16%, finishing at 5,918.23.
- In contrast, the Nasdaq Composite experienced a slight decline, dropping 10.80 points, or 0.06%, to close at 19,478.88.
Carter’s state funeral was held at the Washington National Cathedral, attended by hundreds, including all five living current and former US presidents. The ceremony celebrated Carter’s legacy, highlighting his dedication to honesty and kindness during his presidency, which faced economic difficulties and a hostage crisis.