Updated from 4:52 p.m. EDT with information about reopening of major U.S. stock exchanges
NEW YORK ( TheStreet) -- As cleanup crews took to the streets of Manhattan to sweep away fallen limbs and debris, swaths of East Coast residents emerged from shelter on Tuesday to assess the massive flooding, fires and structural damage Hurricane Sandy wreaked across the region.
President Barack Obama declared a major disaster in New York and Long Island, which bore the brunt of the sea surge from the superstorm that hit the East Coast on Monday. The president also declared a major disaster exists in New Jersey, West Virginia and Virginia.
The U.S. death toll rose to 39 following Sandy's destruction across the East Coast, according to the Associated Press.More than 8.2 million people were without power across the region. Airlines have cancelled more than 15,000 flight around the world, according to the AP. In sum, Sandy was expected to have caused about $20 billion in property damages and another $10 billion to $30 billion more in lost business, according to data given to the AP by forecasting firm IHS Global Insight. The National Hurricane Center said Tuesday morning the storm was moving westward across Pennsylvania and was centered about 90 miles west of Philadelphia. The storm lost its hurricane status on Monday and is now considered an extratropical cyclone. The storm is expected to move into western New York on Tuesday night and move into Canada on Wednesday. Obama spoke Tuesday at the Red Cross in Washington D.C. and warned Americans that the storm was not yet finished. "America is with you. We are standing behind you, and we are going to do everything we can to help you get back on your feet," Obama said. Lower Manhattan, where the New York Stock Exchange floor is located, was largely without power Tuesday morning after energy company Con Edison (ED), shut off most of the electricity in the area to protect electrical equipment from the massive storm surge caused by Sandy. Despite widespread flooding in lower Manhattan, the New York Stock Exchange "building and trading floor are fully operational," the NYSE said in a statement. The Nasdaq released a similar press briefing. The photographs below document the deadly havoc caused by Hurricane Sandy. The introduction to this article was written by a member of TheStreet staff. The captions below the images were written by the photographers and their respective photo agencies. We believe these captions to have been accurate at the time of their writing.
10/30/2012 -- 12:35 PM, By:RED SBH**NY** -- Cars are submerged at the entrance to a parking garage in New York's Financial District in the aftermath of superstorm Sandy, Tuesday, Oct. 30, 2012. New York City awakened Tuesday to a flooded subway system, shuttered financial markets and hundreds of thousands of people without power a day after a wall of seawater and high winds slammed into the city, destroying buildings and flooding tunnels. (AP Photo/Richard Drew)
A parking lot full of yellow cabs is flooded as a result of superstorm Sandy on Tuesday, Oct. 30, 2012 in Hoboken, NJ. (AP Photo/Charles Sykes)
ATLANTIC CITY, NJ - OCTOBER 30: A man walks over debsris where a 2000-foot section of the 'uptown' boardwalk was destroyed by flooding from Hurricane Sandy on October 30, 2012 in Atlantic City, New Jersey. The storm has claimed at least 33 lives in the United States, and has caused massive flooding accross much of the Atlantic seaboard. US President Barack Obama has declared the situation a 'major disaster' for large areas of the US East Coast including New York City. (Photo by Mario Tama/Getty Images)
A 168-foot water tanker, the John B. Caddell, sits on the shore Tuesday morning, Oct. 30, 2012 where it ran aground on Front Street in the Stapleton neighborhood of New York's Staten Island as a result of superstorm Sandy. (AP Photo/Sean Sweeney)
By:STW STW**NY** -- In this image made from video and released by the U.S. Coast Guard, a USCG crew member uses a hoist to bring up a survivor into a helicopter. A replica tall ship caught in Hurricane Sandy's wrath began taking on water, forcing the crew to abandon the boat Monday in rough seas off the North Carolina coast. The Coast Guard rescued 14 crew members by helicopter, but two people were still missing. (AP Photo/U.S. Coast Guard)
Officials assess the damage caused by a fire at Breezy Point in the New York City borough of Queens, Tuesday, Oct. 30, 2012, in New York. The fire destroyed between 80 and 100 houses Monday night in the flooded neighborhood. More than 190 firefighters have contained the six-alarm blaze fire, but they are still putting out some pockets of fire. (AP Photo/Frank Franklin II)
Olivia Loesner, 16, hugs her uncle, Little Ferry Deputy Fire Chief John Ruff, after she was brought from her flooded home in a boat in Little Ferry, N.J., Tuesday, Oct. 30, 2012, in the wake of superstorm Sandy. At right carrying pets, is her mother, Janice Loesner. (AP Photo/Craig Ruttle) 10/30/2012 1:25 PM.
This combination of photos shows above, lower Manhattan dark after the hybrid storm Sandy on Monday, Oct. 29, 2012, and below a fully lit skyline on Jan. 6, 2012, both seen from the Brooklyn borough of New York. In an attempt to lessen damage from saltwater to the subway system and the electrical network beneath the city's financial district, New York City's main utility cut power to about 6,500 customers in lower Manhattan. But a far wider swath of the city was hit with blackouts caused by flooding and transformer explosions. (AP Photo) 10/29/2012 10:05 PM.
Sand bags protect the front of the New York Stock Exchange, Monday, Oct. 29, 2012. Hurricane Sandy continued on its path Monday, forcing the shutdown of mass transit, schools and financial markets, sending coastal residents fleeing, and threatening a dangerous mix of high winds and soaking rain. There had been plans to allow electronic trading to go forward on the New York Stock Exchange but with a storm surge expected to cover parts of lower Manhattan in water, officials decided late Sunday that it was too risky to ask any personnel to staff the exchanges. (AP Photo/Richard Drew) 10/29/2012 8:04 AM.
CHICAGO, IL - OCTOBER 30: A man watches waves generated from the remnants Hurricane Sandy as they crash into the shoreline of Lake Michigan on October 30, 2012 in Chicago, Illinois. Waves up to 25 feet high generated by winds up to 50 miles-per-hour were expected on the lake. The storm has claimed at least 16 lives in the United States, and has caused massive flooding across much of the Atlantic seaboard. US President Barack Obama has declared the situation a 'major disaster' for large areas of the US East Coast including New York City. (Photo by Scott Olson/Getty Images)
IN SPACE - OCTOBER 30: In this handout GOES satellite image provided by NASA, Hurricane Sandy, pictured at 1255 UTC, moves inland across the mid-Atlantic region on October 30, 2012 in the Atlantic Ocean. The storm has claimed at least 33 lives in the United States, and has caused massive flooding across much of the Atlantic seaboard. US President Barack Obama has declared the situation a 'major disaster' for large areas of the US East Coast including New York City. (Photo by NASA via Getty Images)
NEW YORK, NY - OCTOBER 29: Fire fighters evaluate the scene of an apartment building which had the front wall collapse due to Hurricane Sandy on October 29, 2012 in New York, United States. Hurricane Sandy, which threatens 50 million people in the eastern third of the U.S., is expected to bring days of rain, high winds and possibly heavy snow. New York Governor Andrew Cuomo announced the closure of all New York City will bus, subway and commuter rail service as of Sunday evening (Photo by Andrew Burton/Getty Images)
NEW YORK, NY - OCTOBER 29: Part of a crane boom is seen hanging off a building under construction on West 57th Street on October 29, 2012 in Manhattan, New York City. The storm, which threatens 50 million people in the eastern third of the U.S., is expected to bring days of rain, high winds and possibly heavy snow. New York Governor Andrew Cuomo announced the closure of all New York City will bus, subway and commuter rail service as of Sunday evening. (Photo by Allison Joyce/Getty Images)
An ambulance is stuck in over a foot of snow off of Highway 33 West, near Belington, W.Va. on Tuesday, Oct. 30, 2012, in Belington, W.Va. Superstorm Sandy buried parts of West Virginia under more than a foot of snow on Tuesday, cutting power to at least 264,000 customers and closing dozens of roads. At least one death was reported. The storm not only hit higher elevations hard as predicted, communities in lower elevations got much more than the dusting of snow forecasters had first thought from a dangerous system that also brought significant rainfall, high wind gusts and small-stream flooding. (AP Photo/Robert Ray) 10/30/2012 1:29 PM.
NEW YORK, NY - OCTOBER 29: Water rushes into the Carey Tunnel (previously the Brooklyn Battery Tunnel), caused by Hurricane Sandy, October 29, 2012, in the Financial District of New York, United States. Hurricane Sandy, which threatens 50 million people in the eastern third of the U.S., is expected to bring days of rain, high winds and possibly heavy snow. New York Governor Andrew Cuomo announced the closure of all New York City will bus, subway and commuter rail service as of Sunday evening (Photo by Andrew Burton/Getty Images)
Sand and debris covers the streets near the water in Atlantic City, N.J., Tuesday, Oct. 30, 2012. Sandy, the storm which was downgraded from a hurricane just before making landfall, caused multiple fatalities, halted mass transit and cut power to more than 6 million homes and businesses. (AP Photo/Seth Wenig)
In this photo provided by the Port Authority of New York and New Jersey a surveillance camera captures the PATH station in Hoboken, N.J., as it is flooded shortly before 9:30 p.m. EDT on Monday, Oct. 29, 2012. Sandy continued on its path Monday, as the storm forced the shutdown of mass transit, schools and financial markets, sending coastal residents fleeing, and threatening a dangerous mix of high winds and soaking rain. (AP Photo/Port Authority of New York and New Jersey) 10/29/2012 10:37 PM.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV