In a rare gesture of respect, the U.S. stock markets came to a standstill on Thursday as the nation paid tribute to former President Jimmy Carter. The New York Stock Exchange (NYSE) and the Nasdaq, two of the world’s largest and most influential stock exchanges, closed their doors for trading in honor of the 39th President of the United States.

This unusual move was made to coincide with the funeral services of President Carter, who passed away on Dec 29 at the age of 100. The decision to close the markets was likely made out of respect for the former President’s contributions to the country and his legacy as a champion of human rights and social justice.

The closure of the stock markets is a significant event, as it marks a rare occasion when the bustling trading floors of Wall Street fall silent. The NYSE and Nasdaq are typically open for trading Monday through Friday, with the exception of federal holidays. However, in this instance, the exchanges chose to close their doors as a mark of respect for President Carter.

The impact of the market closure was likely minimal, as trading volumes are typically lower during times of national mourning. However, the gesture is seen as a fitting tribute to a President who was known for his commitment to public service and his tireless advocacy for human rights.

As the nation pays its respects to President Carter, the closure of the stock markets serves as a poignant reminder of the enduring legacy of a leader who dedicated his life to serving others.