Stock markets prepare for post-Sandy open
2009 Pep Boys Auto 500 Sept 6 (47) by Hans J E
License (according to Flickr): Attribution-ShareAlike License
License (according to Flickr): Attribution-ShareAlike License
NEW YORK (CNNMoney) -- Wall Street prepared for a return to business Wednesday, even as New York City remained in clean-up mode two days after the battering from Hurricane Sandy. U.S. stock futures were higher ahead of the open. Volume is expected to be very high as the NYSE, Nasdaq and other markets execute their first trades after two unscheduled days in the dark. Wednesday will be particularly busy for investors since it also happens to be the last day of the month -- a time when traders, hedge funds and mutual funds often square up their positions. And for some, the day also marks the last trading session of the fiscal year. It's a day when many mutual fund managers will try to offset their capital gains with their losses to minimize the distributions paid out to shareholders.
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Calvin Klein
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NaturalDisaster: Hurricane Sandy
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City: New York City
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Stock markets prepare for post-Sandy open
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Wall Street prepared for a return to business Wednesday, even as New York City remained in clean-up mode two days after the battering from Hurricane Sandy.
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