Equity Trading in U.S. Shut for Second Day, Joining Bonds
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U.S. stock trading was canceled for a second day, joining bond markets, as 90-mile-per-hour winds and surging seas from Hurricane Sandy bore down on New York and paralyzed American capital markets.
The shutdown, the first for consecutive days due to weather since 1888, was announced by NYSE Euronext after consultations with other exchanges. The Securities Industry and Financial Markets Association earlier recommended a full market close tomorrow in dollar-denominated fixed-income securities after they shut at noon New York time today.