Categories: Stock Market News

U.S. Markets Closed Today and Tuesday

The NYSE Euronext (NYX) announced that it closed U.S. markets today and tomorrow due to Hurricane Sandy, which is expected to cause flooding and damaging winds in New York City. The exchange released a statement indicating that it supports the consensus of the markets and the regulatory community that the dangerous conditions developing due to Hurricane Sandy will make it extremely difficult to ensure the safety of people if the markets were open. In consultation with other U.S. exchanges and market participants, the NYSE Euronext announced that it will work with the industry to determine the next steps in restoring trading as soon as the situation permits. The shutdown marks the first time the U.S. markets have closed due to weather since September 25, 1985, when Hurricane Gloria hit the East Coast.

Paul Dykewicz

Paul Dykewicz is the editor of StockInvestor.com and the editorial director of Eagle Financial Publications in Washington, D.C. He writes and edits for the website, as well as edits investment newsletters, time-sensitive trading alerts and other reports published by Eagle. He also is an accomplished, award-winning journalist who has written for Dow Jones, USA Today and other publications, as well as served as business editor of a daily newspaper in Baltimore. In addition, Paul is the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain." He received his MBA in finance from Johns Hopkins University, where he was a two-time president of the school's Finance Club. In addition, Paul has a bachelor's degree from the University of Michigan and a master's degree in journalism from Michigan State University. Outside of work, Paul volunteers with a faith-based organization to assist the poor in Southeast Washington, D.C., to learn personal finance skills to lift themselves out of debt.