Hurricane sandy affecting the stock market
The stock market opened quietly, although traders on the floor say they expect a heavy, volatile day of trading. Major US stock index futures are higher ahead of the resumption of trading, pointing to a positive open for US equities. The New York Stock Exchange NYSE has had roughly 30 members of an emergency response team sleeping in its headquarters in the runup to trading being resumed today.
The NYSE, which handles about one-quarter of US stock market trading volume, has said it expects to resume normal operations. The Nasdaq market and other US trading platforms are expected to be open for trading as well.
NYSE Euronext—the company which operates the New York Stock Exchange NYSE — tweeted that it will reopen the NYSE building tomorrow for normal trading:.
Trading begins on NYSE 9: Employees of Wall Street investment banks Goldman Sachs, Morgan Stanley, and Barclays are working from home today. Investors are antsy to reopen markets on Wednesday—the last day of the month— because mutual funds, hedge funds, and other investors often use the day to present their financial results. Further, continued closure of the financial markets would be unprecedented; as it stands, this is already the longest weather-related closure since the blizzard of That said, the physical headquarters of the New York Stock Exchange NYSE is located in a New York neighborhood that witnessed significant flooding during the storm, and some roads and public transportation remain closed in hurricane sandy affecting the stock market wake of the storm.
Officials drew up a similar plan for markets to remain open electronically Monday, but eventually scrapped those ideas. European markets have rallied today after positive corporate earnings newswith seemingly little attention to the storm that has shut down markets in the US. Some funds and investors use pricing on the final day of the month to communicate the value of their holdings.
On top of that, a things to sell on craigslist to make money hurricane sandy affecting the stock market trading suspension could increase volatility when trading resumes. Liquidity was thin and trades remained small and cautious due to the lack of buying triggers from the US.
Hurricane Sandy: Positive start for New York Stock Exchange as Dow Jones rises 18 points in first hour after historic two-day closure | Daily Mail Online
The CME Group says that it will reopen markets as of 5 PM EDT today for overnight trading. While equities markets will remain closed tomorrow, interest rate and futures trading will 5 minute binary options jason fielder trading strategy back on.
NYSE Euronext has formally announced plans to close Tuesday.
Exchanges NASDAQ and BATS have followed suit. Bond markets will also be closed. Most exchanges say they plan to reopen Wednesday if possible. A number of economic releases have also been delayed in light of the storm.
Hurricane Sandy's Financial Impact - TheStreet
WSJ reports that the monthly report of nonfarm payrolls, an important indicator of jobs in the economy, could be delayed from its scheduled release on Friday. The Conference Board has also decided to push the latest publication of the Consumer Confidence Index back from Tuesday to Thursday at 10 AM EDT. Hurricane Sandy bears down on the east coast of the United States, with landfall expected later this evening local time.
The storm is shuttering more and more US-based financial markets today, and now it seems likely that many markets will remain closed on Tuesday. SIFMA has also recommended that bond markets close at noon today, according to Bloomberg. How Hurricane Sandy is affecting markets—NYSE back up and running Written by Simone Foxman.
U.S. stock markets to reopen Wednesday after Sandy - Oct. 30,
Written by Simone Foxman. Most Popular The most forward-thinking, future-proof college in America teaches every student the exact same stuff. NYSE Euronext—the company which operates the New York Stock Exchange NYSE — tweeted that it will reopen the NYSE building tomorrow for normal trading: