What Will Happen When the Stock Market Reopens?
Given the devastation Hurricane Sandy wrought on the Eastern Seaboard in general and New York’s financial district specifically, you might expect stocks would take a beating too, once the markets reopen. What’s more, after a market shutdown, traders are often in a selling mood.
But an NYSE spokesman says he expect the market to be open tomorrow, and stocks may not plummet after all. That’s based on stock futures showing a slight increase from last Friday’s close. They were down Sunday and Monday but rebounded, possibly in response to Sandy’s damages not being as catastrophic as feared.
Read full story on Money Watch