Weather Shuts Down Stock Markets For Second Day, First Time Since 1888

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U.S. stock markets will remain closed for a second consecutive day Tuesday in the wake of superstorm Sandy, the first time since 1888 that weather has caused markets to close for more than two consecutive days, according to Bloomberg.

From Reuters:

Wednesday is a key trading day because it marks the end of the month, when traders price portfolios.

 

The bond markets will also close on Tuesday, with traders aiming to reopen on Wednesday.

 

Sandy forced the first weather-related shutdown of U.S. stock market in 27 years right in the middle of the earnings season, prompting dozens of companies to delay their quarterly results.

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