Belfast Telegraph

Sunday 28 December 2014

Sandy closes down Wall Street

Traders in London have been left in limbo after Hurricane Sandy forced Wall Street to shut down for the first time since 9/11.

Investors struggled to find direction after it was confirmed that America's two biggest trading platforms - the New York Stock Exchange and the Nasdaq Stock Market - would not open.

The markets - home to some of the world's biggest companies including Apple, Microsoft and Starbucks - also look set to be closed tomorrow.

The New York Stock Exchange initially said it would only close the market floor but continue using electronic trading - but this was later changed to cover all forms of trading.

A statement from NYSE Euronext, which operates the New York Stock Exchange, said: "We support the consensus of the markets and the regulatory community that the dangerous conditions developing as a result of Hurricane Sandy will make it extremely difficult to ensure the safety of our people and communities, and safety must be our first priority.

"We will work with the industry to determine the next steps in restoring trading as soon as the situation permits."

It is the first time the markets have shut since the four-day stretch in the wake of the attacks on the World Trade Centre on September 11, 2001.

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Comment

More

Company Profiles

More

Help & Advice

More

People on the move

More