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.

The day of mourning will be held on the same day as Mr. Carter’s funeral at Washington National Cathedral. President Biden will deliver a eulogy at the funeral, and a eulogy written by Gerald R. Ford, who died in 2006, will be read by his son Steven Ford.

The New York Stock Exchange will close trading on January 9 to honor a national day of mourning for former President Jimmy Carter.