SANDY: NYSE AND NASDAQ SHUT DOWN POSSIBLY UNTIL WEDNESDAY
October 29th, 2012Via: Los Angeles Times:
As Hurricane Sandy barrels down on the East Coast, Wall Street is shutting down.
The nation’s two biggest trading platforms — the New York Stock Exchange and the Nasdaq Stock Market — have both closed for business. They said trading might not get back to normal until Wednesday.
This would be the first time trading has been halted in all U.S. stocks since a four-day stretch after the Sept. 11, 2001, terrorist attacks.
New Yorkers hunkered down amid threats of 70-mph winds and an 11-foot storm surge swiping over lower parts of the city. Although some effects were being felt across Manhattan late Sunday, the full extent may not be known for the next few days, when the storm is expected to make landfall.
