Hurricane Sandy shuts down federal government, markets

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The Office of Personnel Management has announced that all non-essential federal offices are closed  Monday due to the Category 1 Hurricane Sandy currently battering the east coast.

Meanwhile, the Wall Street Journal reports that all US stock exchanges, including the New York Stock Exchange and NASDAQ, will be closed Monday. This is a reversal from earlier, when the NYSE had planned to close physical trading, but keep electronic trading open.

“Customers had complained to the exchanges and to the Securities and Exchange Commission that partial closures of the market would be too complicated, according to people with knowledge of the matter.”

Visit the National Hurricane Center for additional updates on Hurricane Sandy.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.