14/09/2001

Wall Street to reopen on Monday

Wall Street has promised to reopen for business on Monday September 17 following Tuesday’s terrorist attacks in the United States.

While the market's closure is the longest since the great crash of 1929 the New York Stock Exchange (NYSE), Nasdaq Stock Market, American Stock Exchange and other members of the trading community are planning extensive testing on Saturday to make sure systems are working.

However, some trading involving government bonds and commodities have taken place as both the Chicago Board of Trade and Chicago Mercantile Exchange reopened.

Neither the NYSE, Nasdaq or Amex's trading abilities were directly harmed by the attack, while most big financial firms have backup facilities from which they can do business.

An estimated 100,000 people are expected back to work when the markets reopen. (MB)

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