
NEW YORK, June 7 (UPI) -- The New York Stock Exchange said Monday it will be closed for the entire day Friday in respect for the late Ronald Reagan.
"It is appropriate that the nation's markets on Friday will honor President Reagan's contributions to freedom and democracy," NYSE chairman John Thain said. "President Reagan was a great champion of free people and free markets ... He believed strongly in the ability of capitalism to foster opportunity and prosperity," Thain added.
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 President Mikhail Gorbachev as part of the NYSE's bicentennial commemoration.
Federal government offices will also be closed Friday when Reagan's funeral takes place at Washington's National Cathederal.
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