NYSE and Nasdaq close for 2 days as Hurricane Sandy approaches

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For the first time since 1885, the NYSE and Nasdaq stock exchange will close for two business days, as Hurricane Sandy approaches the East Coast.

Re-opening is planned for Wednesday, but it is impossible to say when excatly it will happen. Considering the timing, the closure of the stock exchange at the end of the month could have serious impact on the financial markets and the economy.

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