New York Stock Exchange will reopen Wednesday

(AP:NEW YORK) The New York Stock Exchange will reopen for regular trading Wednesday after being shut down for two days because of Hurricane Sandy.

The exchange said in a statement Tuesday that its building and trading floor are fully operational and that normal trading will resume at the usual starting time of 9:30 a.m.

There had been erroneous reports Monday that the exchange floor had flooded. Exchange spokesman Ray Pellecchia said the exchange's building did not have any flooding or damage.

Tuesday marks the first time since 1888 that the NYSE remained closed for two consecutive days due to weather. The last time was due to a massive snow storm.

Sections of Manhattan were inundated with water and power was shut off to thousands of people and businesses.

Dozens of companies have postponed earnings reports this week because of the storm, but Ford Motor Co. did release results for the third quarter that topped Wall Street expectations.

Ford's revenue fell 3 percent to $32.1 billion because of the economic crisis in Europe and falling sales in South America. The company exceeded Wall Street's revenue forecast of $31.5 billion largely because of North America, where revenue jumped 8 percent.

Global markets rebounded Tuesday though trading was subdued in the wake of the storm that pounded Wall Street, in addition to a broad swath of the East Coast.

In Europe, the FTSE 100 index of leading British shares was up 0.9 percent. Germany's DAX rose 0.9 percent and the CAC-40 in France was 0.8 percent higher.

Crude oil rose 11 cents to $85.63 Tuesday in electronic trading on the New York Mercantile Exchange.

U.S. bond trading was also closed Tuesday.

Stock index futures trading closed at 9:15 a.m. Eastern Tuesday, though volume was very light. Dow Jones industrial futures rose 8 points to 13,062. The broader S&P futures added 3.50 points to 1,411.10. Nasdaq futures slipped 3.75 points to 2,655.25.

Earlier in Asia, trading was mixed. Japan's Nikkei 225 index fell 1 percent to close at 8,841.98. South Korea's Kospi index rose 0.4 percent to 1,899.58 but Hong Kong's Hang Seng index fell 0.4 percent to 21,428.58. Benchmarks in mainland China also rose.

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2 thoughts on “New York Stock Exchange will reopen Wednesday

  1. Assuming that this article was written in full cogency I would draw attention to the fourth paragraph and state that I think what is stated there may be factual. If indeed it is then the rumors circulating since the "perpetration" of '9/11' regarding the fact that the scenario which brought the nation to full attention in short order was a fraud may be true. The writer apparently is unaware of the event.
    Can it be that the Trade Tower decimation was staged but only for a certain segment or sector of the public? I have had exposure to a number of elements of the 'fakir' society and though speculation and conjecture are all that can be attendant to observations that lead one, me anyway, to believe that they would tell you that it is true, it is an illusion that they have created somewhere in their ??? thinking, their brain, the mind? I don't know where they would assign it and I doubt that they could nail it down either or else would refuse to indulge your querying further. Generally speaking it would resolve to the power trip mind grip or perhaps just entertainment but basically, isn't it something that most would decline participation in or refuse belief of... I digress, your thoughts please. Cactus Jacque L'Nois

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