New York Stock Exchange will reopen Wednesday


Share
Originally Posted Online: Oct. 30, 2012, 12:10 pm
Last Updated: Oct. 30, 2012, 2:03 pm
Comment on this story | Print this story | Email this story
Related stories

NEW YORK (AP) — 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 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.

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.

European stock markets rose broadly Tuesday after falling the day before. Trading was subdued in the wake of the storm. Britain's FTSE 100 index rose 0.9 percent, Germany's DAX rose 0.9 percent and the CAC-40 in France was 0.8 percent higher.

Crude oil rose 14 cents to settle at $85.68 in electronic trading on the New York Mercantile Exchange.

U.S. bond trading was closed Tuesday.

Electronic trading for U.S. stock index futures was open, but trading volume was very light and the price moves were minuscule.

As of the regular close of index futures trading at 9:15 a.m., Dow Jones industrial average futures rose 8 points to 13,062. S&P 500 futures added 3.50 points to 1,411.10. Nasdaq futures slipped 3.75 points to 2,655.25.

On Monday, when regular U.S. stock trading was also closed, stock index futures fell slightly.

Related Stories
















Local events heading










  Today is Tuesday, June 18, the 169th day of 2013. There are 196 days left in the year.
1863 -- 150 years ago: Fanatics have grown wonderfully civil since the president snubbedthem by revoking Burnside's infamous attack upon the freedom of the press.
1888 -- 125 years ago: The Interstate baseball league has collapsed, leaving Davenport'sleading team without a league connection.
1913 -- 100 years ago: Passengers were stunned yesterday when lightning struck a LongView street car at 9th Ave. and 25th St.
1938 -- 75 years ago: X-ray examinations today traced the trouble with Dizzy Dean's$250,000 pitching arm to a pulled muscle back of his right shoulder blade.
1963 -- 50 years ago: Radio station WQAD in Moline is being considered by the NationalCivil Defense Office for selection as a "secured communication center" Mrs. Gault,executive deputy director of the Moline Civil Defense unit reported today.
1988 -- 25 years ago: "Marketplace 29 A.D." an unusual vacation Bible school programthat will allow children to live three days as people did during the Bible Times June 21-23. The three day program, is a joint project of Aldersgate and Bethel-Wesley UnitedMethodist churches.






(More History)