Tags: stock | exchanges | irene

US Stock Exchanges to Open Monday After Irene

Sunday, 28 Aug 2011 11:39 AM

By Newsmax Wires

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NEW YORK — Main U.S. stock exchanges Nasdaq, NYSE and BATS expect to open trading on Monday after systems passed muster in an evaluation of the effects of Tropical Strom Irene.

A spokesman for the New York Stock Exchange says its building and systems are all in working order after the worst of Tropical Storm Irene passed New York. The Nasdaq stock exchange also expects to open normally.

The Securities and Exchange Commission has not yet issued its decision.

Mayor Michael Bloomberg said he was lifting the evacuation order for lower Manhattan as of 3 p.m.

The city's transit system shut down ahead of the storm and was not immediately reopened. The flooding and damage in the region were not as severe as officials had feared.

Weather has shut down or delayed the opening of the stock markets about two dozen times in the past.

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