The New York Stock Exchange and the Nasdaq both closed for trading today to honor former President Jimmy Carter, who passed away at age 100 on December 29.
Cohen notes, 'The financial industry collectively made a decision to honor what he's done, the service he's provided as president and after he's been president.'
NYSE President Lynn Martin praised Carter's 'lifetime of service to our nation' in a press release announcing the exchange's closure.
Cohen emphasizes that while rare, the closure was a 'large undertaking,' coordinated with other exchanges and the financial sector, reflecting Carter's significant impact.
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