October 31, 2012
Here’s some perspective on Hurricane Sandy shutting down U.S. equity trading: It hasn’t happened for an entire day since the Sept. 11, 2001, terrorist attacks.
The 9/11 attacks shuttered the markets for four days, according to a timeline on the New York Stock Exchange website.
The last time a weather event closed U.S. exchanges was in September 1985, when Hurricane Gloria hit New England.
Lenexa-based BATS Global Markets, which launched its first U.S. equities exchange in October 2008, joined NYSE and Nasdaq in closing Monday. The inclement weather also prompted several companies to delay financial reports, including Overland Park-based Waddell & Reed Financial Inc. (NYSE: WDR), which pushed its report from Tuesday to Wednesday. (See below for more coverage about how Hurricane Sandy is affecting Kansas City-area businesses.)
This article was posted: Wednesday, October 31, 2012 at 2:48 pm