Monday, October 29, 2012

Hurricane Sandy Halts U.S. Equity & Options Trading for Monday 10/29/12 and Tue 10/30/12

  • US Markets closed on Monday 10/29/12 and andTuesday 10/30/12
  • The decision, made late Sunday night, leaves the American stock markets closed for weather conditions for the first time in nearly three decades.
All United States stock and options markets will close on Monday as Hurricane Sandy approaches, reversing course as Wall Street braces for the storm to barrel through the heart of the country’s financial center.

The decision, made late Sunday night, leaves the American stock markets closed for weather conditions for the first time in nearly three decades. The New York Stock Exchange had previously planned on closing only its physical trading floor, while allowing for trading on its Arca electronic exchange. It has now decided to halt all trading.

Sandbags surround the entrance to the New York Stock Exchange in Lower Manhattan on Sunday night in anticipation of Hurricane Sandy. The NYSE has cancelled all trading until the storm danger passes.

NYSE status alert


Saturday, October 20, 2012

Pilgrims evacuated from flood-threatened Lourdes

PARIS –  Pilgrims trek by the millions each year to the Roman Catholic shrine in Lourdes, many looking to drink its spring waters reputed for their healing powers. This time, visitors were fleeing a different kind of water — floodwaters — in the southwestern French town.

View of basilica of Immacule Conception on the sanctuary of Lourdes flooded, in Lourdes, France, Saturday, Oct. 20,2012. French rescue services and police are evacuating hundreds of pilgrims from hotels threatened by flood waters from a rain-swollen river in the Roman Catholic shrine town.

Rescue teams helped hundreds of pilgrims escape waterlogged hotels on Saturday after heavy rains led the Gave River to overrun its banks — and even wash up into the town's famed grotto, where many Catholics believe the Virgin Mary appeared to a 14-year-old girl named Bernadette Soubirous in 1858.

The regional government issued a statement late Saturday saying 427 people had been evacuated from their hotels. The Red Cross and regional authorities provided food and shelter to the escapees, as authorities warned of forecasts for more rain in the region.

In one televised image, a rescuer waded waist-deep into a hotel lobby with a red boat in tow and teams helped elderly visitors inside for a trip to higher ground. Others showed a fast-flowing, white-water river rumbling through the town, and the grotto — or cave — was filled with about 1.5 meters of water, under a niche statute of the Virgin Mary.

Visits to the grotto were temporarily suspended. Officials say the town draws about 6 million visitors a year — mainly looking to see the grotto. The shrine has special meaning for the suffering, many of whom believe its spring water can heal and even work miracles.

Thierry Castillo, director of the nearby Lourdes sanctuary, said visitors had shown "understanding" and predicted that the grotto would remain closed at least through Monday.