Tuesday, October 30, 2012

NYSE Expects Normal Open Tomorrow After Storm

The New York Stock Exchange (NYX) expects to open as usual tomorrow, saying its facilities were spared when Hurricane Sandy blasted Lower Manhattan with floods and 90- mile-per-hour winds, the good folks at Bloomberg told us.

The floor and building of the NYSE “are fine,” Robert Rendine, a spokesman, wrote in an e-mail. Executives of the biggest U.S. equity venue expect a normal open, according to Eric Ryan, another spokesman.

U.S. exchanges are in the second day of a shutdown called to safeguard workers as Sandy barreled up the East Coast and forced hundreds of thousands of evacuations in New York City. NYSE Euronext’s building on Wall Street is close to the section of Manhattan that was deluged when the storm propelled a 13-foot sea surge as it came ashore last night. The NYSE began testing for a back-up plan that would be necessary if storm damage prevented it from reopening the floor tomorrow….

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