"I've let my wife be the ultimate judge on what should be done," Carter said in 1995 of his funeral plans. Carter, who returned to his hometown of Plains, Georgia, after his term as president ended, was active in his local community, and taught Sunday School at Maranatha Baptist Church.

Bond markets will be open, but for reduced hours, closing early at 2 p.m. ET, according to a recommendation from the Securities Industry and Financial Markets Association. Carter's remains will be taken to the Washington National Cathedral in Washington,

Stock market closures are rare outside of regular holidays. Other events that closed the market include Hurricane Sandy and the September 11 attacks.