With Hurricane Sandy heading straight toward New York City and, therefore, Wall Street, all American stock and options markets are shutting down on Monday, marking the first time in nearly three decades they've closed due to bad weather. The operators of the New York Stock Exchange and other markets had hoped that some trading could continue, as most of the work has shifted from the traditional frenetic trading-floor specialists to electronic systems. On Sunday, however, the decision was made to play it safe. "The dangerous conditions developing as a result of Hurricane Sandy will make it extremely difficult to ensure the safety of our people and communities," the NYSE said, "and safety must be our first priority."
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
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- The one thing the New Atheists get right about religion
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- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- The uncomfortable truth in The Giving Tree
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