U.S. stock markets will be closed today in observance of a national day of mourning and a state funeral to honor President Jimmy Carter, who died on Sunday, December 29, at the age of 100. The bond market will close early at 2 pm Eastern Standard Time.
The 39th president, Carter served from January 1977 to January 1981. As Ryan Detrick, chief market strategist at Carson Group, notes on X, during his presidential term the S&P 500 gained 27.6%, an annualized return of 6.3%.
