N.Y. Stock Market Will Close

    A stock specialist watches prices on the floor of the New York Stock Exchange on August 4, 2011. The Dow Jones Industrial Average plunged 4.3 percent Thursday, its worst one-day drop in more than two years, as global markets melted down over fears of another world economic downturn. The Dow was down 512.76 points to 11,383.68; the broader S&P 500 lost 4.8 percent to 1,200.07, while the tech-heavy Nasdaq Composite plunged 5.1 percent to 2,556.39.    AFP PHOTO/Stan HONDA (Photo credit should read STAN HONDA/AFP/Getty Images)

    Stan Honda, AFP / Getty Images

    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.

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