NEW YORK, Oct. 29 (Xinhua) -- All U.S. equities, bonds, options and derivatives markets will remain closed for the second day Tuesday as Hurricane Sandy bears down on the East Coast of the country.
According to the latest statements from New York Stock Exchange (NYSE) and Nasdaq on Monday, both exchanges intended to reopen on Wednesday.
"The decision was made in consultation with regulators, including the Securities and Exchange Commission (SEC), other U.S. exchanges and government officials," the Nasdaq said.
"Safety, market continuity and a variety of factors related to Hurricane Sandy were carefully considered, including the state of emergencies declared by New York City, New York State and other state and local governments," it added.
The last time the New York Stock Exchange was closed for weather was in 1985 because of Hurricane Gloria, but it will be the first time since 1888 that the exchange will have been closed for two consecutive days because of weather.
Sandy was heading north from the Caribbean, where it has already claimed at least 49 lives, and was expected to hook left toward the mid-Atlantic coast and its impact on New York City would peak Monday night, bringing along strong winds and plenty of rains.