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
TheStreet Open House

The 5 Smartest Things on Wall Street This Week: Nov. 9

4. NYSE Opens for Business

New York's still-flooded subways were a mess last Wednesday Oct. 31. Buses were backed up across all five boroughs. Commuters could not get to work on time anywhere in the City.

Still, the New York Stock Exchange opened for trading at 9:30 a.m. ET on the dot after being closed for two days due to Sandy. And perhaps even more to its credit, the Exchange closed the day without incident.

Running on backup power from generators, brokers on the NYSE floor overcame spotty Internet and mobile-phone connections to complete the first full day of trading following the longest weather-related shutdown since 1888. Duncan Niederauer, chief executive officer of NYSE Euronext (NYX), said trading went "very smoothly, everything opened fairly quickly."

"I am pleased that the nation's securities markets were able to open today despite the devastation left in the wake of Hurricane Sandy," said Securities and Exchange Commission Chairman Mary Schapiro in a statement. "Since the weekend, the staff of the SEC and I have been in constant communication with the exchanges, market participants and other regulators assessing the situation and coordinating with the relevant parties."

Kudos to you Mary, Duncan and all those floor brokers who trudged in before dawn to make it happen. All your hard work paid off! Never has TheStreet (TST) been so proud of our next door neighbor.

Well, maybe it didn't pay off too much. The Dow closed down a smidgen on the day and the S&P 500 essentially finished where it started.

No matter. Following a marathon performance like that, simply crossing the finish line was a mammoth victory in our eyes.

And speaking of marathons ...

3 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,172.68 -107.06 -0.62%
S&P 500 1,994.29 -16.11 -0.80%
NASDAQ 4,527.6890 -52.10 -1.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs