U.S. stocks expected to open higher after Sandy
(MoneyWatch) U.S. stock and bond exchanges are expected to open higher, after being closed for two days for Sandy. It was the first unscheduled multiple-day closing for a weather-related explanation since the blizzard of 1888. The last time the market closed due to weather was in 1985 for Hurricane Gloria. Investors come into the last trading session of the month, after absorbing bruising losses week last week: The Dow fell 1. 8 percent to 13,107 (up 7. 3 percent year-to-date); the S&P 500 lost 1. 5 percent to 1,411 (up 12. 3 percent year-to-date); and the NASDAQ was off 0. 6 percent to 2,987 (up 14. 7 percent year-to-date). Investors anticipate that there could be volatility today, as pent up worries over the economy and corporate earnings clash with the last day of the month and the end of the fiscal year for some mutual funds.
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Sandy
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NaturalDisaster: Hurricane Gloria
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Country: U.S.
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City: casinos
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Organization: Labor Department
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After a two-day closure, investors await important jobs report
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