The NYSE has released an update that not only floor trading, but the entire NYSE & NASDAQ equity markets will be closed in the US on Monday, and pending confirmation, also on Tuesday due to the approaching Hurricane Sandy.
It appears Mother Nature will bring us a distraction from the Presidential race as well as the collapse of Spain and Greece as the Perfect Storm bears down on the US coast.
Full release below:
From the NYSE:
“In consultation with other exchanges and market participants, NYSE Euronext will close its markets on Monday, Oct. 29, 2012 and pending confirmation on Tuesday, Oct. 30, 2012’’
“We support the consensus of the markets and the regulatory community that 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’’
“We will work with the industry to determine the next steps in restoring trading as soon as the situation permits’’