Markets to Stay Closed Tuesday

    Kabir Bindra walks up Wall Street past Federal Hall  with his luggage and dog  near the New York Stock Exchange New York  October 28, 2012 as residents of lower Manhattan evacuate the city in preparation for Hurricane Sandy . AFP PHOTO / TIMOTHY A. CLARY        (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images)

    Timothy A. Clary, AFP / Getty Images

    The U.S. stock market closed Monday and will also shutter trading on Tuesday as Hurricane Sandy looms over the East Coast. Some banks are in evacuation zones, and many employees were expected to work remotely. Stock-index futures fell as the storm barreled toward New York City as the markets endured the first cease in trading for weather since January 1996. Futures on the Standard & Poor’s 500 fell 0.5 percent in the early hours of Monday morning.

    Read it at Bloomberg