Loading...
See More

NYSE, Nasdaq to reopen on Wednesday

Oct 30 2012 19:46 AFP

Related Articles

NYSE to test contingency plan

US exchanges shut down before hurricane

Oil down as hurricane threatens US

US markets closed as storm hits New York

Oil dips on G7 calls for output hike

Losses from disasters hit record in 2011

 
New York - The New York Stock Exchange and the Nasdaq exchange announced they will reopen Wednesday after Hurricane Sandy forced a two-day shutdown, the markets' first closure since the 9/11 attacks of 2001.

"We are pleased to be able to return to normal trading tomorrow," said NYSE Euronext chief executive Duncan Niederauer. "Our building and systems were not damaged and our people have been working diligently to ensure that we have a smooth opening tomorrow."

Niederauer said trading will start as usual at 9:30 am, with the NYSE Euronext building and trading floor "fully operational" despite the flooding and power outages that have shut down much of the country's financial capital New York.

Nasdaq OMX, which operates the fully electronic Nasdaq exchange and other futures and options markets, said they would also reopen at normal hours on Wednesday.

US financial markets were almost all closed Monday and Tuesday as the mega-storm bore down on the US East Coast, shutting down New York, Philadelphia, Baltimore and Washington.

It was the first closure of the markets since 9/11 and the first weather-related closure since September 1985 when Hurricane Gloria closed the NYSE for one day.
nasdaq  |  new york stock exchange  |  us superstorm  |  nyse
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...