U.S. stock markets will close on Thursday of next week in honor of former President Jimmy Carter, continuing a long-held Wall Street tradition in mourning the nation’s leaders.

President Biden has issued an executive order to honor former President Carter, who died at the age of 100. Here’s what that means for businesses and employees. U.S. stock markets, federal offices, and the post office will remain closed next Thursday,

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.