Wall St reopens after Sandy

Written By Unknown on Rabu, 31 Oktober 2012 | 21.29

WALL Street is getting back to work.

Trading has resumed on the New York Stock Exchange after being closed for two days because of Hurricane Sandy. New York Mayor Michael Bloomberg rang the opening bell.

The exchange is running on backup generators since power is out in large parts of downtown Manhattan.

The last time the exchange was closed for two days for weather was in 1888.

The market got off to a good start after the shutdown.

The Dow Jones industrial average rose 70 points to 13,177 shortly after the opening bell.

The Standard & Poor's 500 index rose five points to 1,417. The Nasdaq composite slipped two points to 2985.

General Motors rose 4 per cent to $US24.10 ($23.27) after reporting earnings that beat Wall Street's forecasts.


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