Stock market update regarding hurricane: The New

Stock market update regarding hurricane:

The New York Stock Exchange is monitoring the situation but plans to open for trading tomorrow. Nasdaq also plans to be open. Major exchanges and most big trading firms have alternate facilities if downtown New York is inaccessible, but the storm’s wide path may affect a number of sites in the New York area. Authorities have warned of possible widespread power outages that could last for days. The NYSE has arranged accommodations for essential staff near its lower-Manhattan headquarters, while other employees have been encouraged to work from home or alternate locations, according to Reuters. The superstorm created by an Arctic jetstream wrapping itself around a tropical storm could be the biggest to hit the U.S. mainland. Forecasters said the storm is expected to hit East Coast on Monday night, bringing torrential rains, high winds, severe flooding and power outages.