UPDATE: New York Stock Exchange will reopen Wednesday - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

UPDATE: New York Stock Exchange will reopen Wednesday

Posted:

NEW YORK (WKOW) -- The New York Stock Exchange will reopen for regular trading Wednesday after being shut down for two days because of Hurricane Sandy.

The exchange said in a statement Tuesday that its building and trading floor are fully operational.

Tuesday marks the first time since 1888 that the NYSE remained closed for two consecutive days due to weather. The last time was due to a massive snow storm.

Sections of Manhattan were inundated with water and power was shut off to thousands of people and businesses.

Global markets rebounded Tuesday, though trading was subdued in the wake of the storm.

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NEW YORK (WKOW) -- Lower Manhattan is still mostly blacked out, and U.S. stock exchanges are closed for the second day.

The stock exchanges say they will be testing contingency plans to ensure trading resumes as soon as possible this week after Hurricane Sandy smashed into the East Coast. This is the only time the exchange has been closed for two days in a row, since the 1800s.

U.S. markets will remain closed Tuesday, but the New York Stock Exchange said that despite reports that its historic trading floor suffered irreparable damage, no such damage has occurred and that contingency plans are being tested only as a safety measure.

Futures trading will go on until 9:15 a.m. Eastern, but volume is light.

Dozens of companies have postponed earnings reports this week.

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