The U.S. stock market will remain closed on Tuesday due to the effects of Hurricane Sandy.
This is the first two-day shutdown of the markets due to weather in over 120 years.
The markets are tentatively expected to re-open on Wednesday, according to Twitter reports, statements from exchange executives and regulators such as SIFMA and FINRA and other media reports.
Statements from the New York Stock Exchange, NASDAQ OMX, Direct Edge and BATS Exchanges said they expect to re-open on Wednesday, but are monitoring the weather situation carefully to assess impacts to technology infrastructure, mass transit systems and personnel safety.
According to s statement from N.J. Transit, a regional provider of transport between New York and New Jersey, all service will remain suspended for Tuesday, Oct. 30.
The Metropolitan Transportation Authority of New York has said the duration of the service suspension is unknown, and there is no timetable for restoration. The MTA said on its Facebook page that service will be restored only when it is safe to do so, after careful inspections of all equipment and tracks. The agency added that even with minimal damage this is expected to be a lengthy process.
