Futures Decline as Sandy Shuts Markets

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.