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
- 7 grammar rules you really should pay attention to
- After Ferguson, we don't need another dialogue on race
- Why you should stop believing in evolution
- The secret to handling pressure like astronauts, Navy SEALs, and samurai
- The government is getting into the fact-checking business. Be very, very afraid.
- In defense of Obama's golfing
- Your literary playlist: A guide to the music of Haruki Murakami
- The world is on fire and neither Democrats or Republicans have a clue
Subscribe to the Week