AP December 3, 2018, 3:07 PM U.S. stock markets to close Wednesday to honor George H.W. Bush funeral

In his Inaugural Address in 1989, George H.W. Bush said, "We live in a peaceful, prosperous time, but we can make it better. For a new breeze is blowing, and a world refreshed by freedom seems reborn."

George Bush Presidential Library and Museum

Major U.S. stock markets will close Wednesday in honor of former President George H.W. Bush, who died Friday at 94.

The New York Stock Exchange and Nasdaq said they will close trading Wednesday in observance of a national day of mourning for Bush. The federal government will also be closed.

The NYSE also said it will display the U.S. flag that flies above the New York Stock Exchange at half-staff in honor of the former president.

U.S. traders also observed a moment of silence before markets opened on Monday in honor of Bush.