Hurricane Sandy Closes Stock and Option Markets – Market Update

Hurricane Sandy Closes Stock and Option Markets - Market Update Hurricane Sandy has forced stock and option markets to close for the day, and bond markets to close at noon, as Wall Street braces itself for the largest Atlantic Ocean hurricane in the last 25 years. This is the first unscheduled market-wide shut down since September 2001. The SEC announced that depending on the size of the impact of Sandy, markets could be shut down tomorrow as well.

What’s Up on Wall Street?

The Dow Jones Industrial Average increased 3.53 points (0.03%) while the Nasdaq went up 1.83 points (0.06%). Also, the S&P 500 decreased 1.03 points (-0.07%).

Current Rates

Here are some of today’s rates:

Visit our mortgage rates page to find out how much you can save with today’s rates, or use our mortgage calculator to find more rates and loan options.

Financial Links

Here are a few links to some of today’s financial articles. Be sure to leave a comment below if you know of any additional financial articles that are trending today.

CNNMoney

Countdown to Retirement: 10 Years to Go

Bloomberg

U.S. Stock Futures Decline as East Coast Braces for Sandy

Reuters

Consumer Spending Picks Up, but Savings a Worry

 

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