New York Stock Exchange Will Open Monday
But with the New York City transit system still deluged, just try getting there
Executives at the New York Stock Exchange put off a final decision on whether to open Monday until after Hurricane Irene hit the city. Like the crowds venturing out into the windy streets on Sunday afternoon, they seem to have been unfazed by the storm's effects.
"The Big Board is ready to open for trading Monday," The Wall Street Journal reports. Stock exchange operators huddled to watch the storm's effects, and ultimately decided not to call for the first weather-related closing of the NYSE since 1985.
But good luck getting to work. Much of the city's mass transit system is closed indefinitely, and local media predict "hellish" commuting conditions Monday morning.
It's perhaps a good thing that banks and financial firms seem to have made as many contingency plans as the government, including remote access systems for workers, shifting functions to areas outside the city, and buying up hotel rooms to give employees shelter on Manhattan during and after the storm.