Wall Street is preparing to open for business on Wednesday as New York slowly recovers from the wreckage of Hurricane Sandy.
The New York Stock Exchange and Nasdaq both plan to resume normal trading on Wednesday following the storm that flooded many parts of Manhattan and prompted widespread power outages. The market closed for two days as Hurricane Sandy battered down on the East Coast, forcing thousands of people to evacuate and causing millions of dollars in damage.
“It’s incredibly important to open these markets,” said Miranda Mizen, director of equities research at TABB Group. “It says New York is open for business.”