NY Stock exchange to be shut on Tuesday as well

October 29, 2012 23:37

Sandy updates: The New York Stock Exchange will be closed again Tuesday because of Hurricane Sandy, the exchange said.

NYSE rarely shuts down for weather-related emergencies: Hurricane Gloria in 1985, and a snowstorm in 1969 were the last major weather events to bring the exchange to a halt.

Monday marks the first unscheduled market-wide shutdown since September 2001, when markets were closed for four full trading days following the Sept 11 attacks on the World Trade Center.

The last market-wide shutdown was on January 2, 2007, in accordance with the country's national day of morning in memory of President Gerald Ford, who had died a week earlier.

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