1. Money
Kent Thune

Stock Market to Re-Open Wednesday

By October 30, 2012

Follow me on:

US bond and stock trading will resume Wednesday in the aftermath of Hurricane Sandy.  Here's the news according to MarketWatch:

U.S. bond and stock trading will officially resume on Wednesday. The decision follows a plan to re-open equity trading through the Nasdaq Stock Market and the New York Stock Exchange at 9:30 a.m. Eastern, after a two-day closure caused by Hurricane Sandy. The recommendation for the bond market by the Securities Industry and Financial Markets Association (since there is no single trading platform for fixed income) applies to all U.S. dollar-denominated government securities, mortgage- and asset-backed securities, over-the-counter investment-grade and high-yield corporate bonds, municipal bonds and other short-term debt markets.

There is no doubt that financial markets will begin counting the cost of Hurricane Sandy in light of this historic natural disaster.  Placing things into perspective, and beneath the value of human life, the economic impact of the storm will be significant.  If investors have already priced in a quiet hurricane season for 2012 or not remains to be seen (for now).  If so, stock prices are likely to fall.  If investors thought 2012 would be "average," meaning at least 3 major storms impacting the US east coast, prices could rise after an initial fall.

December 1, 2012 at 12:52 am
(1) market zone says:

when stock market is closed last week.?

Leave a Comment

Line and paragraph breaks are automatic. Some HTML allowed: <a href="" title="">, <b>, <i>, <strike>

©2014 About.com. All rights reserved.