The New York Stock Exchange (NYSE) and the Nasdaq will participate in the national day of mourning for the late President Jimmy Carter on Jan. 9 by closing their markets.

U.S. equities and options markets will be closed on Jan. 9 as the country observes a National Day of Mourning for former President Jimmy Carter, who died Sunday at the age of 100.

Following Joe Biden's declaration, various organizations like the New York Stock Exchange and Nasdaq announced that they would be closed to honor of Carter.