N.Y. Stock Market Will Close

Hurricane Sandy means business—or a lack thereof. Despite initial reports that only the New York Stock Exchange building would be closing on Monday, sources say the U.S. stock market will in fact close trading on Monday and possibly Tuesday as well. In a statement released Monday night, the NYSE said the decision is due to "the dangerous conditions developing as a result of Hurricane Sandy will make it extremely difficult to ensure the safety of our people and communities, and safety must be our first priority" and "concerns about market integrity." Much of lower Manhattan, where the Exchange is located, is supposed to be evacuated in preparation for Hurricane Sandy.