What will happen when the stock market reopens? | Redux

What will happen when the stock market reopens?

The Economics of Wall Street by Tony Fischer Photography
License (according to Flickr): Attribution License

Excerpt:

(MoneyWatch) Given the devastation Hurricane Sandy wrought on the Eastern Seaboard in general and New York's financial district specifically, you might expect stocks would take a beating too, once the markets reopen. What's more, after a market shutdown, traders are often in a selling mood. But an NYSE spokesman says he expect the market to be open tomorrow, and stocks may not plummet after all. That's based on stock futures showing a slight increase from last Friday's close. They were down Sunday and Monday but rebounded, possibly in response to Sandy's damages not being as catastrophic as feared. In addition, foreign stock markets can give us an indication of the market's mood. As of the time of this writing, the London FTSE index is up 0. 61 percent since Friday while Japan's Nekkei index gave up 0. 98 percent. Of course much can change in the next day.

Keywords:

markets stock stock market Wall Street Journal Eastern Seaboard tomorrow contingency plans damages the market New York NYSE wrought Hurricane MoneyWatch next day Nekkei Japan weather financial London reports

Events:

NaturalDisaster: Hurricane Sandy

Overall Sentiment: 0.0900755

Relevance: 0.814931

Additional Info:

PrintMedia: The Wall Street Journal

Overall Sentiment: 0

Relevance: 0.33965

Disambiguation: AwardWinner | NewspaperReferences:

• The Wall Street Journal
• The Wall Street Journal: dbpedia
• The Wall Street Journal: freebase
• The Wall Street Journal: yago

City: New York

Overall Sentiment: -0.145889

Relevance: 0.330087

Disambiguation: PoliticalDistrict | GovernmentalJurisdiction | PlaceWithNeighborhoods | WineRegion | FilmScreeningVenueReferences:

• New York City
• New York City: dbpedia
• New York City: freebase
• New York City: geonames
• New York City: yago

FinancialMarketIndex: FTSE index

Overall Sentiment: 0

Relevance: 0.357395

FinancialMarketIndex: Nekkei index

Overall Sentiment: 0.0297074

Relevance: 0.31874

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Provided Desc:

Judging by futures and foreign markets, Sandy's affect on US stocks may not be as devastating as its affect on the shoreline

Provided Title:

What will happen when the stock market reopens?

URL Provided Keywords:

• allan roth
• behavioral finance
• investing
• markets
• stocks

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Full Content: http://feeds.cbsnews.com/~r/CBSNewsBusiness/~3/OXPG2YvJmNs/

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