For the first time in more than a century, weather has stopped U.S. equity trading for two straight days as Hurricane Sandy swept across New York City. NYSE Euronext will this morning test a back-up plan in case its headquarters or trading floor are unable to open tomorrow.
U.S. stocks fell, erasing this year’s gains for the Standard & Poor’s 500 Index, as weaker- than-forecast data from China and tension in Ukraine overshadowed reports showing an improving American economy.
U.S. stocks rose, sending the Standard & Poor’s 500 Index within 1 percent of a record high, as data showed employers added more jobs than forecast last month and the unemployment rate unexpectedly dropped.
U.S. stocks erased losses in the final 15 minutes, sending the Standard & Poor’s 500 Index to a second weekly gain, as investors bought shares before changes to MSCI Inc. indexes amid federal budget talks.