Jan. 9, federal departments and agencies will close in observation of the former president’s death as he lays in state in Washington, D.C.

Stock market closures are rare outside of regular holidays. Other events that closed the market include Hurricane Sandy and the September 11 attacks.

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,