U.S. markets bowed to the muscle of Hurricane Sandy Tuesday, closing for the second consecutive day in a nearly unprecedented reaction to Mother Nature.
It was the first time in 124 years, dating back to 1888, that equity trading stopped for an unscheduled weather emergency for more than one day. It was also the first unscheduled closing since the terrorist attacks of Sept. 11, 2001.
Electronic trading of metals and energy commodities continued, but equity trading remained sidelined, as it was on Monday.
On the New York Mercantile Exchange, December delivery West Texas Intermediate crude oil held to less than $86 per barrel, adding 35 cents to $85.89.
Equity markets were mixed in Asia and mostly higher in Europe.
The Nikkei 225 index in Japan lost 0.98 percent while the Sensex in India fell 1.1 percent. The Hang Seng index in Hong Kong dropped 0.38 percent while the Shanghai composite index in China gained 0.17 percent.
In Britain, the FTSE 100 index gained 0.85 percent while the Dax 30 in Germany added 0.92 percent. The CAC 40 in France gained 1.24 percent while the Stoxx Europe 600 index climbed 0.74 percent.
Most Popular Stories
- NSA Defends Global Cellphone Tracking Legality
- Top Websites for U.S. Hispanics
- Ad Counts Rise in 2013 for Hispanic Magazines
- Networks Vie for U.S. Hispanic TV Viewers
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- Apple Activates Customer-Tracking iBeacon
- A Biography of Jonathan Ive, Apple's Creative Chief
- Dell Offers Undisclosed Number of Employee Buyouts
- 2013 Tech Gift Guide: iPad Mini Still Hot; Chromecast a Great Low-Cost Option
- Apple Wants Samsung to Pay $22M for Patent Dispute Legal Bills