News24

NY Stock Exchange to stay open

2012-10-28 21:34

New York - The New York Stock Exchange plans normal operations on Monday as Hurricane Sandy makes its way up the Atlantic Coast.

New York City mass transit is shutting down on Sunday evening, and public schools in the city will close on Monday. New York City Mayor Michael Bloomberg ordered residents to evacuate some low-lying areas on Sunday.

According to the Exchange, weather last caused the NYSE to shut down on 27 March 1985, for Hurricane Gloria. Trading on the Big Board also was suspended for three days after the terrorist attacks on 11 September 2001.

Hurricane Sandy was headed north from the Caribbean to meet both a snowstorm and a cold front, and experts said the rare hybrid storm that results will cause havoc over 1 300km from the East Coast to the Great Lakes.