This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Financial Markets Closed After Explosions

Updated from 11:23 a.m. EDT

Trading was halted today in all U.S. financial markets, including the New York Stock Exchange and the Nasdaq after two separate jet planes crashed into the Twin Towers of the World Trade Center in a terrorist attack.

The Big Board, the Nasdaq and the American Stock Exchange will not open for trading Wednesday.

Both towers subsequently collapsed. The buildings and the surrounding area are home to many brokerages and investment firms. It is not known when trading would resume.

The Treasury bill auction scheduled for tomorrow also will be postponed one day.

Trading was suspended in exchanges in London and Paris because of security concerns. Portions of London's financial center, including Carnary Wharf and Lloyd's, have been evacuated. London's Heathrow airport has also been evacuated. All German skyscrapers have been evacuated.

In San Francisco, the financial center of the West Coast, downtown landmarks like the Bank of America tower and the Transamerica Pyramid have been evacuated and closed. The buildings are home to the Bank of America and Robertson Stephens, among other financial firms.

The Banc of America Securities Annual Investment Conference in San Francisco, running this week, has been cancelled until further notice. The conference pulls hundreds of hedge fund managers and executives to hear presentations from top executives of dozens of companies.

In Chicago, the three major exchanges -- the Chicago Options Exchange, the Chicago Board of Trade and the Mercantile Exchange -- are all shut down. All three exchanges are within blocks of the Sears Tower, which has also been evacuated, according to media reports.

"The streets were crowded, the train stations were crowded," said Jason Weese, a grain trader at the Chicago Board of Trade.

"I don't think anyone was panicking. Peope were just anxious to get home. Before the World Trade Center collapsed, I was more worried about the trading day than my safety. Once that collapsed, I was a little bit nervous."

Office buildings in downtown Los Angeles have also been closed

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.30 -0.92%
FB $118.08 0.55%
GOOG $695.81 0.50%
TSLA $234.18 0.80%
YHOO $35.97 -0.11%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs