10/29/12

Permalink NYSE and Nasdaq to close

New York Stock Exchange located on Wall Street in a flood zone.

U.S. stock exchanges will be closed Monday as Hurricane Sandy bears down on New York. The New York Stock Exchange said in a statement late Sunday that it will close its markets Monday. Markets are likely to remain closed on Tuesday as well. The Nasdaq stock market, which trades many technology stocks including Google and Microsoft, will also be closed Monday. The exchange will later announce plans for Tuesday. New York has declared a state of emergency and the city suspended subway service, bus and commuter rail service starting at 7 p.m. ET Sunday. The NYSE originally planned on staying open for electronic trading, while closing its trading floor, but later said all operations would close after consultations with regulators and other exchanges.

Reuters: Federal offices in Washington area closed Monday due to storm
WaPo: Metro system to shut down on Monday
WaPo: Early voting cancelled in Maryland on Monday due to approach of Hurricane Sandy
Russia Today: Concerns on the rise as Hurricane Sandy expected to hit 26 nuclear power plants

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