The New York Stock Exchange, the Nasdaq Stock Market and the Chicago Board Options Exchange won’t open for trading Friday, June 11, in observance of the funeral of former U.S. President Ronald Reagan.

Normal trading will resume on Monday, June 14.

The New York Stock Exchange observed a moment of silence from 9:30-9:32 this morning in honor of Reagan. “President Reagan was a great champion of free people and free markets,” said NYSE CEO John Thain, in a news release. “He believed strongly in the ability of capitalism to foster opportunity and prosperity. It is appropriate that the nation’s markets on Friday will honor President Reagan’s contributions to freedom and democracy.”

Reagan became the first sitting U.S. president to visit the NYSE on March 28, 1985, when he addressed the trading floor and exchange community about his economic plan. He also visited the exchange on May 13, 1992 with former Soviet Union President Mikhail Gorbachev as part of the NYSE’s bicentennial commemoration.

In a news release, Nasdaq said. “President Reagan was a great leader in American history and Nasdaq extends its thoughts and prayers to the Reagan family.”

U.S. federal agencies will also be closed on Friday, pushing up the release of the Producer Price Index to Thursday, June 10, at 15:00 p.m. ET, the
Bureau of Labor Statistics said.