Neon Tommy - Annenberg digital news

Stock Market Plans To Reopen Wednesday

Amanda Martinez |
October 30, 2012 | 6:05 p.m. PDT

Supervising Executive Producer

The Stock Exchange shut down for two days. (brian glanz/Flickr)
The Stock Exchange shut down for two days. (brian glanz/Flickr)
U.S. stock markets plan to reopen Wednesday after Superstorm Sandy forced a two-day shutdown in order to keep workers safe and prevent logistical complications.

The New York Stock Exchange and the Nasdaq Stock Market were shut down after the ability to buy, sell and route orders became compromised. The Stock Exchange considered implementing a fully automated trading system but opted to shut down instead of reprogramming the system.

Essential staff will commute through coordinated car pools, while other employees could work remotely if conditions permit.

Finalized trading on mutual funds typically wraps October 31, adding pressure on the markets to resume trading as usual.

Read the full story at the Washington Post.

For more of Neon Tommy's coverage on Superstorm Sandy click here.



 

Live On Twitter

Buzz

Brazil, FIFA Racing Against Time With Confederations Cup Nearing

Stadiums and hotels may not be ready to accomodate the crowds attending in June.

Connecticut Commuter Train Derails Leaves 60 Injured

Federal investigators visited Friday to begin investigation into the crash.

 


Leave a comment

Name
E-mail*
URL
Comments*