Stock Markets Closed With Hurricane Sandy (Frankenstorm) Closing InBy: Chris Crum - October 29, 2012
As previously reported, major stock trading has halted today thanks to Hurricane Sandy (aka: Frankenstorm). Fears related to the storm have shut down the New York Stock Exchange (NYSE) and NASDAQ. Both announced that they would be closed today, and may also be closed on Tuesday.
Google has put out a pair of Hurricane Sandy-related maps, including this New York-specific one:
The New York Stock Exchange said in a statement, “We support the consensus of the markets and the regulatory community that the dangerous conditions developing as a result of Hurricane Sandy will make it extremely difficult to ensure the safety of our people and communities, and safety must be our first priority. We will work with the industry to determine the next steps in restoring trading as soon as the situation permits.”
NASDAQ also said over the weekend that its decision to close was made after consulting with other exchanges in the U.S. as well as government officials and regulators, such as the SEC.
Meanwhile, the storm has prompted the New York Times and the Wall Street Journal to take down their paywalls, so more readers can stay informed.