New York Stock Exchange to reopen Wednesday

NASDAQ said its “decision to open for business on Wednesday was made in consultation with regulators, including the Securities and Exchange Commission (SEC), other U.S. exchanges and government officials. Safety, market continuity and a variety of other factors related to Hurricane Sandy were carefully considered.”

The two days of stock market closures will have contributed to the  economic damage from Hurricane Sandy when the final tally is made.

EQECAT, which monitors events affecting the insurance industry, estimated $10 billion to $20 billion in total damages, with about half of that insured.