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US Stock Markets Closed on Monday as Storm Hobbles New York

Posted By admin On October 29, 2012 @ 4:19 am In Featured Stories,Money Watch | Comments Disabled

CNBC.com [1]
Oct 29, 2012

U.S. stock and options markets will be closed on Monday, and possibly Tuesday, as regulators, exchanges and brokers voiced concerns about the integrity of markets in the face of Hurricane Sandy.

Market participants and regulators decided to shut the market because the storm will make it difficult to ensure the safety of employees, major exchanges said.

The decision to close stock and options markets came after regulators, exchanges, and dealers discussed the unknowns that would have been tested if the markets opened on Monday, three of the sources said.

For example, NYSE Euronext’s [2] New York Stock Exchange had planned to shut its physical trading floor, which would have meant operating as an all-electronic exchange for the first time.

Full article here [1]

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URL to article: http://www.prisonplanet.com/us-stock-markets-closed-on-monday-as-storm-hobbles-new-york.html

URLs in this post:

[1] CNBC.com: http://www.cnbc.com/id/49589936

[2] NYSE Euronext’s: http://data.cnbc.com/quotes/NYX%2C%20

[3] Stock Markets Remain Closed Tuesday; Expected to Reopen Wednesday Month End: http://www.prisonplanet.com/stock-markets-remain-closed-tuesday-expected-to-reopen-wednesday-month-end.html

[4] Global Stock Exchanges Are Headed for Major Consolidation: http://www.prisonplanet.com/global-stock-exchanges-are-headed-for-major-consolidation.html

[5] New York Stock Exchange website experiences cyber attack: http://www.prisonplanet.com/new-york-stock-exchange-website-experiences-cyber-attack.html

[6] Inflation rises to 4.7% and FTSE plunges ANOTHER 90 points as global markets tumble in wake of Meltdown Monday: http://www.prisonplanet.com/inflation-rises-to-47-and-ftse-plunges-another-90-points-as-global-markets-tumble-in-wake-of-meltdown-monday.html

[7] Stock markets tumble after Operation Twist … and doubt: http://www.prisonplanet.com/stock-markets-tumble-after-operation-twist-%e2%80%a6-and-doubt.html

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