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,

Following Joe Biden's declaration, various organizations like the New York Stock Exchange and Nasdaq announced that they would be closed to honor of Carter.

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