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Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) Donate to DU
Nite Owl Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-29-06 01:19 PM
Response to Reply #5
7. Found this
http://bloomberg.com/apps/news?pid=20601087&sid=a9QSjrgX7kUU&refer=home


Dec. 29 (Bloomberg) -- U.S. financial markets will observe a national day of mourning Jan. 2 for former President Gerald R. Ford, with the New York Stock Exchange joining the Nasdaq Stock Market in saying it will close.

Bond markets will shut early that day to honor the country's 38th president, based on recommendations from the financial markets industry association. The Chicago Board Options Exchange and New York Mercantile Exchange plan to close, while the Chicago Mercantile Exchange will suspend commodity and equity trading all day and end currency and interest rate trades at noon Chicago time.

The Jan. 2 closure by the NYSE, the biggest equity market, and the Nasdaq, the second largest U.S. exchange, would mean a four-day suspension of trading, including the weekend and New Year's Day. That would be the longest stretch since the six-day halt following the Sept. 11 terrorist attacks in 2001.

``Four days is an unusually long period,'' said Ken Tower, chief market strategist at CyberTrader Inc. ``There will be some short-term revenue loss from day trading and very short-term trading activity that won't take place on Tuesday.''





On Bloomberg news they said some commodity markets would be open until noon.

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