Advertise with fastmoving.co.za
 
 

 US markets reopen after shutdown
US markets reopen after shutdown

US markets reopen after shutdown

INTERNATIONAL NEWS

IOL Business - Nov 1st 2012, 07:57

US stock markets reopened Wednesday after a historic two-day closure forced by superstorm Sandy, which completely shut down the global financial centre of New York. 

Even though much of New York City was still suffering the effects of power outages, flooding and wind damage, trade was smooth on the New York Stock Exchange and the Nasdaq exchange following the markets' first closure since the September 11 attacks of 2001.

NYSE Euronext chief executive Duncan Niederauer told CNBC television that the exchange systems were working smoothly, and that even with the power outages, the exchange could operate smoothly full-time on its own backup generators.

“They're all working, everything is fine,” he said.

Fifteen minutes into trade the Dow Jones Industrial Average was up 65.28 points (0.50 percent) to 13,172.49. The broad-based S&P 500 gained 4.56 points (0.32 percent) to 1,416.50, while the Nasdaq was down 4.01 (0.13 percent) at 2,983.94. - Sapa-AFP  

Related News

New York City boosts cigarette prices to $13 per pack
30/08/2017 - 09:19
New York boosted the minimum price of a pack of cigarettes by 24 percent to $13 (€10.80) and placed a cap on the number of tobacco sellers, part of the city’s biggest crackdown on smoking in more than a decade.

Zeekit launches app to virtually try on outfits before buying online or in-store
19/09/2016 - 14:26
NEW YORK - Zeekit, a B2C platform and mobile app that reinvents the way consumers browse, share and shop from their mobile devices, has launched an advanced virtual fitting room app for consumers and retailers.

G-III to Acquire Donna Karan International
26/07/2016 - 09:36
NEW YORK & PARIS–(BUSINESS WIRE)–G-III Apparel Group, Ltd. (NASDAQ:GIII), a leading designer, manufacturer and marketer of branded apparel and accessories, and LVMH Moët Hennessy Louis Vuitton (LVMH.PA), the world’s leading high quality products group, today announced that they have entered into a definitive agreement under which G-III will acquire Donna Karan International, Inc., parent of the Donna Karan and DKNY brands and owned by LVMH, in a transaction with an enterprise value of $650 million, subject to customary adjustments at closing. The transaction is expected to close in late 2016 or early 2017.

Hershey going bigger in Times Square
20/07/2016 - 10:09
The Hershey Company is moving its popular store in Manhattan’s Times Square to a much larger location.

US retail giants feel pain as online shopping hits - USA
16/05/2016 - 14:39
New York - Iconic American stores Macy's and Gap are facing tough questions about their future following dreary earnings announcements this week that highlighted the growing market share taken by online retailers.