Hurricane Sandy Shuts Down Wall Street

Hurricane Sandy's full impact on the U.S. economy won't be known for quite some time, though some estimates for possible damage are in the billions. A more immediate economic effect is on the markets, as Wall Street shuts down for at least Monday.

Copyright © 2012 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.


A Wall Street shutdown is at the top of NPR's business news.

Parts of New York's financial district are in the hurricane evacuation zone this morning. The New York Stock Exchange, NASDAQ and the New York Mercantile Exchange have all been shut down for the day, both floor and electronic trading. Officials for the New York Stock Exchange and NASDAQ say trading may not get back to normal until Wednesday.

Normally the weather does not get in the way of making or losing money. The last time trading on New York's exchanges was halted was after the September 11 attacks more than a decade ago. And for the last weather related shutdown, you have to go all the way back to Hurricane Gloria in 1985.

Copyright © 2012 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.