Officials Reverse Course: All U.S. Exchanges Closed

NEW YORK (October 29, 2012)--All major U.S. stock exchanges will remain closed because of Hurricane Sandy.

There were plans to allow electronic trading to go forward Monday on the New York Stock Exchange, but with all mass transit shut down, getting people in and out of New York was determined to be too dangerous.

Although it's likely to carry little market relevance, the Dow Jones industrial futures were down 67 points to 12,987.

The broader S&P futures have given up 8.10 points to 1,399.50.

Nasdaq futures are down 18 points to 2,641.

Some companies were also postponing quarterly earnings reports scheduled for release early this week, including Pfizer Inc. and Thomson Reuters, so far.

According to the Exchange, the last time weather caused the NYSE to shut down was on March 27, 1985 for Hurricane Gloria.

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