US financial markets will be closed on Wednesday to honor the memory of former President George H.W. Bush, who passed away late Friday at the age of 94.
The New York Stock Exchange and Nasdaq will close on Wednesday after President Trump made the decision to declare it a day of mourning for Bush.
The New York Stock Exchange said it will suspend normal trading on Wednesday. "The exchange will observe a minute of silence to honor President Bush on Monday. As per our tradition, we will close the markets in observation of the Day of Mourning," spokesperson Kristen Kaus said.
The Nasdaq will also close for the day.
The stock exchange will observe a moment of silence on Monday "and plans to be closed on December 5, the national day of mourning designated by President Trump," Nasdaq spokesman Will Briganti said.
United Natural Foods (UNFI), G-III Apparel (GIII), Lululemon (LULU) and Momo (MOMO) moved their earnings release dates from Wednesday to Thursday due to the closure.
(Director of Stock-Options-Made-Easy)