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

The U.S. will honor former President Jimmy Carter, who died on Dec. 29 at age 100, with an official state funeral on Thursday, Jan. 9.

The New York Stock Exchange and the Nasdaq will both observe Thursday's national day of mourning in a Wall Street tradition dating back to 1865.