Posted: Oct 28, 2012 11:24 PM by Associated Press
NEW YORK (AP) - The New York Stock Exchange is closing its trading floor today as Hurricane Sandy barrels its way up the Northeast, but trading will continue electronically.
The NYSE says it will invoke its contingency plans beginning today.
Trading has rarely stopped for weather. The NYSE shut down on March 27, 1985 for Hurricane Gloria.
The New York Mercantile Exchange also will be shutting its trading floor which is located in a mandatory evacuation zone. The CME Group, which owns NYMEX, says all electronic markets will open at their regularly scheduled times.
Pfizer Inc., NRG Energy and Entergy are rescheduling the release of their third quarter 2012 earnings reports because of the storm.
Hurricane Sandy is headed north from the Caribbean, on course to meet a snowstorm and a cold front. Experts say the rare hybrid storm could cause havoc over 800 miles stretching from the East Coast to the Great Lakes.
(COPYRIGHT: ASSOCIATED PRESS)
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