Wall Street bracing for volume surge

bilderberg economy forum by vignettando con Dario Levi
License (according to Flickr): Attribution License
License (according to Flickr): Attribution License
U.S. financial markets will reopen Wednesday, after being shuttered for two days to deal with the devastating impact of Superstorm Sandy. NEW YORK (CNNMoney) -- Trading volume is expected to surge when U.S. financial markets reopen Wednesday, two days after Superstorm Sandy prompted an unexpected shutdown on Wall Street. Throughout much of the month, an average of 3. 5 billion shares have been exchanging hands each day, but experts say that could double on Wednesday. "It's hard to say which direction stocks will move, but we're expecting to see a whole lot of trading volume -- three days worth of trading all in one," said Fred Dickson, chief market strategist at D.A. Davidson & Co. 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.
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Fred Dickson
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| 0.275681 | "It's hard to say which direction stocks will move, but we're expecting to see a whole lot of trading volume -- three days worth of trading all in one," said Fred Dickson, ... |
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| 0 | "earth-shattering," said Peter Tuz, ... |
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Country: United States
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City: NEW YORK
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Wall Street bracing for volume surge
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