With storm-ravaged New York City paralyzed, the nation's stock and bond markets will remain closed for a second straight day on Tuesday after Hurricane Sandy crashed through Wall Street. Trading was called off in the nation's financial center in lower Manhattan on Monday, in the first shutdown due to weather in 27 years, and the longest shutdown in more than a century. Now the markets' operators will focus on trying to open for business on Wednesday, which is a key trading day because it marks the end of the month, when traders price portfolios.
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