Tuesday, September 2, 2014

News
Wall Street still dark, exchanges test systems
by Laura Matovina


NEW YORK (AP) -- Lower Manhattan is still largely blacked out, and U.S. stock exchanges say they will be testing contingency plans to ensure trading resumes as soon as possible this week after Hurricane Sandy smashed into the East Coast.

U.S. markets will remain closed Tuesday but the New York Stock Exchange said that despite reports that its historic trading floor suffered irreparable damage, no such damage has occurred and that contingency plans are being tested only as a safety measure.

Futures trading will go on until 9:15 a.m. Eastern, but volume is light.

Dow Jones industrial futures are down 29 points to 13,025. The broader S&P futures have given up 1.4 points to 1,406.20. Nasdaq futures are down 11 points to 2,648.

Dozens of companies have postponed earnings reports this week.