Alicia Nicole Oct 30, 2012

What Will Happen When the Stock Market Reopens?

Uptown_Professional_Wall_Street From Money Watch

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.

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