East Coast, Stock Exchange | featured news

With large portions of lower Manhattan still dark early Tuesday, U.S. stock exchanges said they were testing contingency plans to ensure trading resumes as soon as possible this week after Hurricane Sandy smashed into the East Coast.
U.S. markets will be closed for a second day, but the New York Stock Exchange said that despite reports that its historic trading floor suffered irreparable damage, no such damage has occurred and that contingency plans are being tested only as a safety measure.

Main stock exchanges Nasdaq, NYSE and BATS expect to open trading on Monday as usual despite Hurricane Irene, although a final decision, especially on opening the Big Board floor, is yet to come.