Frankenstorm Closes Wall Street

10.29.12 | Jeremy Miller

Both the New York Stock Exchange and the Nasdaq will be closed today due to Hurricane Sandy.  The NYSE had said it would still be open today to allow for electronic trading, but that all changed late Sunday with the decision to have no activity whatsoever at the NYSE.  NYSE Euronext, which runs the New York Stock Exchange, said in a statement, "The dangerous conditions developing as a result of Hurricane Sandy will make it extremely difficult to ensure the safety of our people and communities, and safety must be our first concern."   NYSE Euronext says the closure may extend to Tuesday.  The Nasdaq noted in a separate statement that the decision to shut down had been made "in consultation with other U.S. exchanges, government officials and regulators."  The last time the markets closed completely due to weather was during Hurricane Gloria back in 1985.