News24

New York subway may be closed for days

2012-10-30 21:28

New York - New York's subway system could remain closed for at least four or five days as a result of heavy flooding caused by Hurricane Sandy, Mayor Michael Bloomberg said on Tuesday.

Bloomberg could not offer a firm estimate about when service would resume in the nation's largest transit system, saying that a reasonable guess was four or five days.

Meanwhile, the New York Stock Exchange and the Nasdaq exchange announced they will reopen on Wednesday after Sandy forced a two-day shutdown, the markets' first closure since the 9/11 attacks of 2001.

"We are pleased to be able to return to normal trading tomorrow [Wednesday]," said NYSE Euronext chief executive Duncan Niederauer.

"Our building and systems were not damaged and our people have been working diligently to ensure that we have a smooth opening tomorrow."