Stock Market Unpredictable Following Sandy
Many are wondering how the closing of the stock market will affect the market.
Wall Street closed Monday and Tuesday due to Hurricane Sandy, and stockbrokers say the stock exchange is losing about $1 million per day in fees, which will lead to a more volatile market and more trades today.
Expect home-building supply stocks like Home Depot to rise due to people needing to rebuild. Insurance stocks are expected to decline, initially. The stock market reopens today.