Monday, October 29, 2012

Financial world halts as Sandy nears

U.S. financial markets are closed and numerous Wall Street banks are keeping traders home as Hurricane Sandy barrels toward the Northeast.

It's the first unscheduled market-wide halt since the September 2001, The Wall Street Journal reports.

Bank of America has not given specifics of its plan to deal with the hurricane, Bloomberg says.

Stock prices worldwide have fallen.