(Bloomberg) -- U.S. financial markets will close Wednesday for a national day of mourning to honor former President George H.W. Bush.
The New York Stock Exchange, Nasdaq Inc.'s U.S. equities and options markets and CME Group Inc.'s U.S.-based equity markets will shut, the companies said. They will also observe a moment of silence on Monday. The Securities Industry and Financial Markets Association has also recommended that fixed-income cash markets close on Wednesday, according to a statement.
U.S. financial markets traditionally close following a presidential death. The most recent observation was Jan. 2, 2007, after the death of President Gerald Ford.
“The President will designate Wednesday, December 5th as a National Day of Mourning. He and the First Lady will attend the funeral at the National Cathedral in Washington, D.C.,” White House press secretary Sarah Huckabee Sanders said in a statement.
To contact the reporter on this story: Danielle Moran in New York at dmoran21@bloomberg.net
To contact the editors responsible for this story: James Ludden at jludden@bloomberg.net, Virginia Van Natta, Ian Fisher
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