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October 31, 2012

After Hurricane Sandy, Stock Exchanges Prepare to Open

“Stacks of sandbags were still protecting the entrance to the New York Stock Exchange and Goldman Sachs on Tuesday. Pockets of the financial district in Lower Manhattan remained underwater. Electric power was shut off for parts of the surrounding neighborhood.

But despite the damage from Hurricane Sandy, Wall Street is preparing to open for business on Wednesday. After closing the stock and bond markets for two days, the N.Y.S.E., Nasdaq and other trading platforms are set to resume normal operations, following nonstop meetings and extensive testing of their systems.”

Read Susanne Craig and Ben Protess’s full New York Times article here

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