Wall Street trading suspended on Hurricane Sandy fears

29 October 2012 13:21  [Source: ICIS news]

LONDON (ICIS)--Wall Street trading is set to be suspended for at least 24 hours as a result of Hurricane Sandy, which is expected to strike the east US coast, exchange operators said on Monday.

Both the New York Stock Exchange and the Nasdaq Stock Market are to be closed on Monday and may be closed tomorrow, according to exchange owners NYSE Euronext and Nasdaq OMX.

“In consultation with other exchanges and market participants, NYSE Euronext (NYX) will close its markets on Monday, 29 Oct, 2012 and pending confirmation on Tuesday, 30 Oct, 2012,” said NYSE Euronext in a statement.

“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,” it added.

All US Nasdaq OMX exchanges, including the Nasdaq OMX US Commodities index (NOCC) are also to be closed, the bourse’s owner said.

Huricane Sandy has strengthened overnight, and is expected to bring a “life-threatening” storm surge and coastal hurricane winds on Monday, according to the National Hurricane Center (NHC).
By: Tom Brown
+44 208 652 3214

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