Wednesday, May 22, 2013
New York Stock Exchange to open today after two day storm closure
by Laura Matovina
NEW YORK (AP) -- The New York Stock Exchange is to open for trading today after being shut down for two days because of Hurricane Sandy.
The exchange issued a statement that the building and trading floor are fully operational. Normal trading will resume at the usual starting time of 9:30 a.m eastern time.
This week marked the first time since 1888 that the NYSE remained closed for two consecutive days because of weather. The earlier shutdown was caused by a massive snow storm.
Sections of Manhattan were inundated with water Tuesday and power was shut off to millions of people and businesses up and down the East Coast.
Today brings the end of the quarter, which is an important time for financial firms to settle their accounts.