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New York Markets Set To Reopen On Tuesday

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New York Markets Set To Reopen On Tuesday

New York Markets Set To Reopen On Tuesday

New York Markets Set To Reopen On Tuesday

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The New York Stock Exchange and NASDAQ are both set to reopen Tuesday. The markets were closed Monday and Tuesday as Hurricane Sandy pounded the East Coast, flooding New York's financial district.

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

NPR's business news begins with the turn of the stock market.

The New York Stock Exchange and NASDAQ both reopened today after being shut since Monday by Superstorm Sandy. Sandy left large parts of the financial district in the dark - and underwater. Contrary to some reports, the New York Stock Exchange's trading floor was not flooded, but market officials warn there could be some issues with electronic trading. It was the longest closure for weather for the U.S. equity markets since 1888.

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