A look back at other stock market closures


(MoneyWatch) U.S. stock and options exchanges will close today due to Hurricane Sandy. It is the first unscheduled, market-wide shutdown since Sept 11. Exchange officials said markets may stay closed on Tuesday, too. U.S. bond markets will close early at noon and New York-based commodity markets (oil, metals) markets will remain open, via their electronic platforms.

The last weather-related closing occurred on Friday Sept. 27, 1985 for Hurricane Gloria, but the NYSE has closed to honor the funeral of presidents, world events and technical glitches. Here is a list of some of the rare NYSE closings:

-- July 31 - Nov. 27, 1914: Closed pending outbreak of World War I. Reopened for trading in bonds with price restrictions on Nov. 28, 1914; for trading in a limited number of stocks under price restrictions on Dec. 12, 1914; and for trading in all stocks, under price restrictions, on Dec. 15, 1914. All restrictions were removed April 1, 1915.

-- Nov. 11, 1918 (Mon): Armistice signed

-- 1929 - 1933: Numerous closings; due to market volatility

-- Aug. 15-16, 1945 (Wed-Thu) V-J Day. End of World War II

-- Nov. 22, 1963 (Fri): Closed at 2:07 pm. Assassination of President John F. Kennedy

-- Sept. 27, 1985 (Fri): Market closed due to Hurricane Gloria

-- Oct. 23-30, 1987 (Fri-Fri): Shortened hours following stock crash and record-breaking volume - 2:00 pm close

Sept. 11-14, 2001 (Tue-Fri): Closed following the terrorist attack on the World Trade Center (longest shutdown since 1933)

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    Jill Schlesinger, CFP®, is the Emmy-nominated, Business Analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and Chief Investment Officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.