New York Stock Exchange plans to open Monday despite storm threat
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The New York Stock Exchange said it plans to open for trading Monday despite the threat of disruptions as Hurricane Sandy barrels toward the East Coast.
NYSE Euronext said it is “monitoring the advance of Hurricane Sandy and preparations are in place for our U.S. markets to operate normally on Monday.”
A spokesman for the Nasdaq Stock Market couldn’t be immediately reached.
New York’s major airports were preparing to shut down late Sunday and airlines were canceling hundreds of flights in and out of the area. New York officials were also ordering evacuations in some low-lying areas, including the city’s financial district.
The major stock exchanges rarely close for trading. The NYSE shut down for Hurricane Gloria in 1985 and trading was closed for four days after the Sept. 11, 2001, terrorist attack on the World Trade Center.
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