NYSE to close National Day of Mourning for Carter By Investing.com

NEW YORK – The New York Stock Exchange, operated by Intercontinental Exchange, Inc. (NYSE: NYSE: ), an $85.3 billion investment banking company with strong revenue growth of 21.2% over the past twelve months, has announced that it will discontinue business everywhere. its equity markets and elections on January 9, 2025, to celebrate former President Jimmy Carter’s National Day of Mourning. President Carter, who led the nation from 1977 to 1981, died on Sunday at the age of 100.

The closure will affect the New York Stock Exchange, NYSE American Equities, NYSE American Options, NYSE Arca Equities, NYSE Arca Options, NYSE Chicago, and NYSE National. This commercial break is a mark of respect for President Carter’s (NYSE: humanity and public health.

Lynn Martin, NYSE Group President, explained the exchange’s intent to honor “President Carter’s lifetime of service to our nation” through the closing. In addition to the suspension of trading, the American flag above the NYSE will be flown at half-staff throughout the mourning period.

Intercontinental Exchange is a Fortune 500 company known for designing and operating digital networks that help connect people to opportunities in the financial sector. It provides technology and data services across various asset classes and facilitates exchange and clearing houses for financial and property markets.

This announcement is based on a press release from Intercontinental Exchange. The company has a history of paying attention to important national events, and the decision to close markets for the National Day of Mourning follows suit. The NYSE did not provide any further information on the resumption of trading after the close.

In other recent news, the Intercontinental Exchange (ICE) reported its third quarter financial results for 2024, with revenue reaching a peak of $2.3 billion. This growth was driven by sales revenue of $1.1 billion and recurring revenue of $1.2 billion. Adjusted operating income also hit a high, reaching $1.4 billion. The company’s energy market has seen strong performance, with net energy revenue accounting for 45% of total energy revenue. In addition, ICE’s technological advancements are connected to 85% of US mortgages through its network.

However, TD Cowen, an investment firm, upgraded its stock price target for ICE from $185.00 to $179.00, maintaining a Buy rating. This change comes as a result of concerns about ICE’s International Money Transfer (IMT) forecast for the fourth quarter of 2024 and the first quarter of 2025. Furthermore, the cost forecast was higher than expected. expected at the same time. Despite these concerns, TD Cowen maintains a positive long-term outlook for ICE’s Energy and Rates Futures and Options platform.

These are recent updates that reflect the current status and future projections of ICE. The company’s strategic position in the energy market and the development of asset credit technology highlight its potential for growth, while the revised stock price target and concerns about IMT’s share and costs provide a perspective more careful.

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