Farms.com Home   Ag Industry News

Hurricane Sandy Pushes New York Stock Exchange to Halt Trading Since 9/11

World’s Largest Stock Exchange Closes, Agriculture Trading Won’t Happen Today and Maybe Tuesday

By , Farms.com

It’s probably safe to say that we’ve entered into a new era of trading, as it was announced today that the world’s largest stock exchange – the New York Stock Exchange (NYSE) will not be trading any futures today over the development of Hurricane Sandy, which is projected to hit New York City the hardest and has already responsible for 65 deaths in the Caribbean. The NYSE is responsible for futures trading in contracts in energy, agriculture and foreign exchange. The NYSE is expected to re-open again for business as usual on Tuesday, but some say it could be even later. It’s on a rare occasion that the NYSE would close - the last time it shut down operations was during 9/11.

 


Trending Video

Farmer-First Focus: Potatoes in the Florida?! The Farmer Living Life in the Fast Lane

Video: Farmer-First Focus: Potatoes in the Florida?! The Farmer Living Life in the Fast Lane

Think Florida is just for oranges and vacationers? Think again. Welcome to Troyer Bros, where the soil is rich, the potatoes are world-class and the farmers are faster than you’d ever expect. In this episode of Farmer-First Focus Friday, we’re hanging out with Anthony Troyer. By day, Anthony is a dedicated Florida farmer managing massive potato rows. But when the work is done, he swaps the tractor cab for a cockpit, hitting the NHRA drag strip to chase down the win light. ?? Whether he's navigating the fields in his Fendt equipment or tearing up the blacktop, Anthony knows that precision and horsepower are the keys to success.