Hurricane Sandy Closes All U.S. Stock Exchanges


NYSE Empty trading floorNEW YORK -- U.S. stock markets are closed as Hurricane Sandy nears landfall on the East Coast and will remain closed Tuesday.

The last time the New York Stock Exchange had an unplanned closing since the terrorist attacks of September 2001.

There had been plans to allow electronic trading to go forward Monday on the New York Stock Exchange, but with all mass transit shut down, getting people in and out of New York was determined to be too dangerous.

European stock markets were mostly lower. Crude oil fell 32 cents to $85.96 in electronic trading.

U.S. index futures fell slightly in thin trading. Dow Jones industrial average futures fell 61 points to 12,993 and S&P 500 futures fell five points to 1,402. Nasdaq futures fell 15 to 2,643.Trading has rarely stopped for weather. A blizzard led to a late start and an early close on Jan. 8, 1996, according to the exchange's parent company, NYSE Euronext. The NYSE shut down on March 27, 1985 for Hurricane Gloria.

Since the Great Depression, the longest suspension in trading at the NYSE occurred after the attacks on the World Trade Center on Sept. 11, 2011, when the exchange closed for four days.

Sandy, a Category 1 hurricane with sustained winds of 75 mph as of Sunday afternoon, was blamed for 65 deaths in the Caribbean before it began churning up the Eastern Seaboard. It was expected to hook left toward the mid-Atlantic coast and come ashore late Monday or early Tuesday, most likely in New Jersey, colliding with a wintry storm moving in from the west and cold air streaming down from the Arctic.

Forecasters said the monster combination could bring close to a foot of rain, a potentially lethal storm surge and punishing winds extending hundreds of miles outward from the storm's center. It could also dump up to 2 feet of snow in Kentucky, North Carolina and West Virginia.


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pdbliz

The Stock Exchange is a Goverment Controlled RIP OFF.!!!!! They can do as they please......I HAVE NO FAITH IN IT AT ALL....The inside traders can make it go up...or ,,,go down.!!!!!!!
And,,,our GOVERMENT.....does not matter rep...or....dem......IS A sham.!!!!!!!!
People,,we are being taken over from within.!!!!!!!!..............

October 31 2012 at 8:50 AM Report abuse rate up rate down Reply
jaykberns

i think leave the exchanges closed for another day, so we don't loss more money.

October 30 2012 at 6:31 PM Report abuse +1 rate up rate down Reply
a2plusb2equalc2

Why would the Midwest Stock Exchange (Chicago), or the San Francisco Stock Exchange, be shut down? There are some other markets in Chicago as well. ...

October 30 2012 at 2:30 PM Report abuse rate up rate down Reply
eeverettm

Cuomo and other leaders said millions of dollar$ would pour into their States if gay marriage was legalized. Well, billion$ of debt and devastation instead seem to be pouring in right now because of their actions.

October 30 2012 at 1:48 PM Report abuse rate up rate down Reply
1 reply to eeverettm's comment
SoquiliAsgaya

What is the latest from the choosen like Pat Robberson the Katrina prophit proffiteer weather for caster? I know the latest on Billy Grahm is he took the world "CULT" off the label of Mormanizm after Mitt gave him a visit.

October 31 2012 at 8:24 AM Report abuse rate up rate down Reply
geoflying

This is all a scam market to suck money out..

October 30 2012 at 1:02 PM Report abuse +1 rate up rate down Reply
alucky1128f8@aol

hello !! Aol why are my comments not posted ?

October 30 2012 at 12:46 PM Report abuse +1 rate up rate down Reply
alucky1128f8@aol

hello !!

October 30 2012 at 12:44 PM Report abuse rate up rate down Reply
alucky1128f8@aol

hello !!

October 30 2012 at 12:44 PM Report abuse rate up rate down Reply
Alton

There aren't enough 'Sandy Bags" to keep the Benghazi Storm out that's coming to the White House !

October 30 2012 at 9:22 AM Report abuse +1 rate up rate down Reply
A.G. SESKIS

Hahaha,...no sh*t really ?? ....dont you think ???
Cmon,....you clowns call this news ??
A freakin` hurricane,...lower NY shut down,...and this is a surprise ??
Stupid reports,...and just like like if you dont evacuate, your as stupid as they come,....dont bother to vote, if you are that stupid to NOT leave during a hurricane,...then you dont have any common sense anyway !!!
Hahahaha,..totally amusing,
thanks,
have a nice day.

October 30 2012 at 8:43 AM Report abuse -1 rate up rate down Reply