Trading on Wall Street finally resumed today, after the destructive path of hurricane Sandy battered the East Coast and forced the New York Stock Exchange to close on Monday and Tuesday. After the longest weather-related shutdown since 1888, markets got off to surprisingly powerful start, but understandably thin trading had stocks trading along the flat line for the remainder of the session, closing out the month of October on a soft note. While some expected markets to make volatile moves today, most were relieved that basic market efficiency helped smooth out this unprecedented event. Trading at Knight Capital Group, however, did not go as smoothly as expected, as power outages forced all trading to halt [see Free 7 Simple & Cheap All-ETF Portfolios]. Global Market Overview: Wall Street Recovers After Hurricane Sandy The S&P 500 (SPY) clawed its way into positive territory, inching a mere 0.02% higher. The Dow Jones Industrial Average (DIA) and tech-heavy Nasdaq [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Consumer Sentiment Rises, Platinum Shines Huge Gaps Between Metals, Miners ETFs Mid Day Roundup: Stocks Floating On Hope ETF Insider: Opportunities In A Pullback Giving Thanks: Ten Reasons ETFs Are Better Than Mutual Funds
Trading on Wall Street finally resumed today, after the destructive path of hurricane Sandy battered the East Coast and forced the New York Stock Exchange to close on Monday and Tuesday. After the longest weather-related shutdown since 1888, markets got off to surprisingly powerful start, but understandably thin trading had stocks trading along the flat line for the remainder of the session, closing out the month of October on a soft note. While some expected markets to make volatile moves today, most were relieved that basic market efficiency helped smooth out this unprecedented event. Trading at Knight Capital Group, however, did not go as smoothly as expected, as power outages forced all trading to halt [see Free 7 Simple & Cheap All-ETF Portfolios]. Global Market Overview: Wall Street Recovers After Hurricane Sandy The S&P 500 (SPY) clawed its way into positive territory, inching a mere 0.02% higher. The Dow Jones Industrial Average (DIA) and tech-heavy Nasdaq [...]
Click here to read the original article on ETFdb.com.
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