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(Image Source: Bloomberg News)
BY DAN KENNEDY
ANCHOR MEGAN MURPHY
No opening bell on Wall Street Monday morning.
For the first
time in nearly three decades, Mother Nature is shutting down the trading floor of the
New York Stock Exchange.
Here’s WSFX...
“Even though the trading floor will be empty and
the stock exchange building closed down, the market will still be open and trading will
continue electronically.”
The New York Stock Exchange released a statement Sunday,
saying:
“...The dangerous conditions developing as a result of Hurricane Sandy
will make it extremely difficult to ensure the safety of our people and communities,
and safety must be our first priority.”
The New York Times lists other times it’s been
shut down.
In 1985, it shut down trading as Hurricane Gloria swept through the city.
A
blizzard in ‘96 caused the opening of trading to be delayed.
And it closed for three days
after the terrorist attacks of 9/11.
So what’s the financial impact of Hurricane
Sandy?
ABC News reports Sandy is expected to cost billions of dollars in losses for
businesses and consumers.
Fox Business says much of the Wall Street area is shut down.
“Banks
including Goldman Sachs and Morgan Stanley operating on a work-at-home basis. Drug giant
Pfizer’s earnings postponed until the end of the week. Macy’s and Starbucks closing
many, if not all, New York area stores.”
The NASDAQ and BATS stock markets are also closed.
A
decision will be made later Monday as to whether it will keep its doors closed Tuesday as well.