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Market Alert

 
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ASPB
Master Chief Petty Officer of the Navy


Joined: 01 Jun 2004
Posts: 1680

PostPosted: Mon Jun 07, 2004 5:13 pm    Post subject: Market Alert Reply with quote

MARKET ALERT
from The Wall Street Journal.


June 7, 2004

The New York Stock Exchange, the Nasdaq Stock Market and the Chicago Board Options Exchange won't open for trading Friday in observance of the funeral of former President Ronald Reagan. Other U.S. financial markets were expected to follow suit.

Does anyone recall this having "ever" been done before! I've been in the investment business since 1964 and don't recall a closure. Kennedy?
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On Sale! Order in lots of 100 now at velero@rcn.com Free for the cost of shipping All profits (if any, especially now) go to Swiftvets. The author of "Sink Kerry Swiftly" ---ASPB
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mikest
PO2


Joined: 11 May 2004
Posts: 377

PostPosted: Mon Jun 07, 2004 5:34 pm    Post subject: Re: Market Alert Reply with quote

ASPB wrote:
MARKET ALERT
from The Wall Street Journal.


June 7, 2004

The New York Stock Exchange, the Nasdaq Stock Market and the Chicago Board Options Exchange won't open for trading Friday in observance of the funeral of former President Ronald Reagan. Other U.S. financial markets were expected to follow suit.

Does anyone recall this having "ever" been done before! I've been in the investment business since 1964 and don't recall a closure. Kennedy?


Bloomberg

Quote:
U.S. Stock Markets to Close for Reagan's Funeral (Update1)
June 7 (Bloomberg) -- U.S. stock markets will close Friday to mark the funeral of President Ronald Reagan, according to the New York Stock Exchange and the Nasdaq Stock Market.

Exchanges historically have closed for presidential burials. Reagan in 1985 became the only U.S. president to visit the NYSE while in office. He told traders that restraining government spending and simplifying taxes would help ``turn the bull loose.''


I didn't think it was the case, but it closed for Nixon and Johnson.
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