NEW YORK - Nasdaq (NASDAQ:NDAQ), the $44.3 billion market operator that has delivered a robust 31% return over the past six months, announced that it will close all of its U.S. equities and options markets on Thursday, January 9, 2025, as a mark of respect for the late President Jimmy Carter. The decision comes as the nation prepares to observe a National Day of Mourning in honor of President Carter's (NYSE:CRI) legacy.
Tal Cohen, President of Nasdaq, expressed the company's sorrow and respect for the former President, stating that the closure is a gesture to celebrate Carter's life and contributions. President Carter, who passed away recently, was praised for his continuous efforts to enhance the human condition, both during and after his presidency.
Nasdaq also held a moment of silence at 9:20 a.m. Eastern Time today, displaying a tribute message on the Nasdaq Tower to honor the former President.
Nasdaq is a global technology company that provides a variety of services to the financial industry, including data, analytics, software, and exchange capabilities. The company is known for its commitment to improving market liquidity, transparency, and integrity. According to InvestingPro data, Nasdaq maintains a strong financial health rating and has consistently raised its dividend for 13 consecutive years, demonstrating its stable market position.
The closure of the markets on January 9 is expected to allow traders, investors, and Nasdaq employees to pay their respects to President Carter. The company extends its deepest condolences to the Carter family during this time.
This decision by Nasdaq underscores the impact President Carter had on the nation and the high regard in which he is held by individuals and institutions alike. The information for this article is based on a press release statement.
In other recent news, Nasdaq OMX Group Inc. has received an Outperform rating from William Blair, highlighting the company's successful transition from a traditional exchange operator to a technology leader in global capital markets. The firm emphasized Nasdaq's scalable technology solutions and diversified revenue streams, which are expected to support long-term growth prospects. Simultaneously, Super Micro Computer (NASDAQ:SMCI) is working diligently to maintain its NASDAQ listing with the assistance of BDO USA, a top ten global accounting firm, amid potential delisting risks.
Nasdaq OMX Group Inc. reported robust growth in the third quarter of 2024, marking four consecutive quarters of double-digit growth. This success was driven by the integration of AxiomSL and Calypso, contributing to a 10% increase in both net revenues and solutions revenue. The company's total annualized recurring revenue reached $2.7 billion, an 8% rise from the previous year.
The company's CEO and CFO have expressed confidence in the company's diversified business model and its positioning for sustainable growth. Nasdaq anticipates an increase in trading activity and Initial Public Offerings in 2025 due to a stable macroeconomic environment. The company also aims to exceed $100 million in cross-sells by the end of 2027. These are some of the recent developments in the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.