![]() ![]() “Historically, the market closes in a national day of mourning when a president dies. Wall Street was worried that it would have to cease trading on Friday Dec. ![]() Ford passed away at the end of 2006, the market faced a dilemma as to when to close down for a day. The NYSE, NYSE American, NYSE National, NYSE Arca, and the Chicago Stock Exchange will be closed on Wednesday, Decemin observance of the National Day of Mourning for President George H. Kennedy and Martin Luther King Jr., according to the Wall Street Journal. The stock market also closed for a day for the funerals of other dignitaries, including Queen Victoria, former President John F. In 1885, the stock exchange closed for a day for the funeral of former President Ulysses S. In fact, the tradition of shutting down the market to mourn the passing of a president - or a British monarch - dates back more than a century. This is not the first time that the markets have closed to honor a passing of a world leader. “He will be remembered for his decades of service to the nation and the world, and it is appropriate that the New York Stock Exchange closes on Wednesday, the National Day of Mourning, to honor President Bush’s enduring legacy.” ![]() “We remember President Bush admiringly as a veteran who fought totalitarianism, a statesman who advocated for freedom, a leader who served his country, and an unabashedly dedicated family man,” Stacey Cunningham, NYSE Group President, said in a statement issued on Dec. The New York Stock Exchange announced that it would cease trading on Wednesday to mark the national day of mourning. Bush is eulogized today at the National Cathedral in Washington, D.C., Wall Street will take a break. ![]()
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