Weather Economy - Most Commented
Ahead of Sandy, Governors declare State of Emergency
Sandy is on track to be perhaps the widest storm to ever hit American shores. Nine governors have declared states of emergency. U.S. stock markets will be closed today on account of the hurricane and bond markets will close at noon.
New York trains, subways and buses close for Hurricane Sandy
New York Governor Andrew Cuomo ordered a public transportation shutdown in New York City ahead of Hurricane Sandy, closing the subway, train and bus systems. Did you know how 27 percent of New York state residents get to work by public transportation? Another 13 percent walk to work and just under 1 percent ride their bike. View our Commuter Nation map to see more commuter states and find out how residents your state gets to work.
New York Stock Exchange closes trading floor for Sandy
UPDATED: The New York Stock Exchange announced late Sunday in a press statement that it will halt trading on Monday as a result of Hurricane Sandy. The exchange may remain closed Tuesday, pending confirmation:
"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."
Earlier this evening, the New York Times reported the rare occurance in New York stock market history: "The New York Stock Exchange plans to close its trading floor on Monday as Hurricane Sandy approaches, relying instead on electronic trading as Wall Street braces for the storm to barrel through the heart of the country’s financial center." Read the full story.
From the earlier press release: "We are open for business and at the same time acting in accordance with actions taken by the city and state of New York," said Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext. "We have been in discussions with government officials and regulators, our trading floor community, issuers and other customers.