Matt can you spread this around please?
NYSE Will Close on Friday
To Observe Reagan Funeral
A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
June 7, 2004 12:54 p.m.
NEW YORK -- The New York Stock Exchange, the Nasdaq Stock Market and the Chicago Board Options Exchange won't open for trading Friday in observance of the funeral of former President Ronald Reagan.
"President Reagan was a great champion of free people and free markets," Big Board Chief Executive John A. Thain said Monday in a press release. "It is appropriate that the nation's markets on Friday will honor President Reagan's contributions to freedom and democracy." President Reagan was the first sitting U.S. president to visit the Big Board floor, on March 28, 1985.
Representatives at Nasdaq and CBOE confirmed they will close, and a spokeswoman at the Philadelphia Stock Exchange said it is customary that regional exchanges follow the example of the NYSE. A spokeswoman for the New York Mercantile Exchange said the exchange will decide later Monday.
The exchange has suspended trading on the days of funerals for all former presidents who died in the 20th century, going back to President William McKinley in 1901. The most recent closing for a presidential funeral was in April 1994 after the death of former President Richard M. Nixon.
The Big Board has shut down for other reasons over the years, including closing for the remainder of the day when President Reagan was shot in 1981, and for a full day of closing for the first walk on the moon in 1969. The most recent unscheduled closing at the NYSE was directly after the Sept. 11, 2001, terrorist attacks, when the exchange closed for four consecutive days.
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