NEW YORK (TheStreet) -- Stock futures slumped Monday as U.S. futures markets closed early without notice of when they'll reopen again as the enormous Hurricane Sandy gained strength on its path towards New York City.


New York Stock Exchange



and the CME Group in Chicago said they will close their physical trading floors and electronic trading Monday in accordance with emergency actions by government officials as Hurricane Sandy looms.

This will be the first time in

27 years

that the NYSE, a unit of

NYSE Euronext


will close the trading floor because of weather.

CME Group

(CME) - Get Report

said stock-index futures and options would be halted at 9:15 a.m. EDT.

A number of companies have decided to postpone their earnings reports amid the stock market closures.

Acorda Therapeutics

(ACOR) - Get Report

rescheduled its third-quarter earnings release for Wednesday;


(PFE) - Get Report


Radian Group

(RDN) - Get Report

pushed back their earnings announcements to Thursday;

Thomson Reuters

(TRI) - Get Report


NRG Energy

(NRG) - Get Report

have delayed their releases to Friday.


(ETR) - Get Report

has rescheduled its third-quarter call to Nov. 5.

Burger King


released its quarterly results as scheduled, announcing third-quarter profit and revenue that beat estimates, as the fast-food hamburger chain offered new menu items and advertising campaigns that lifted comparable restaurants sales in North America.

Burger King also initiated a quarterly cash dividend of 4 cents a share.

In deal news,

Clean Harbors

(CLH) - Get Report

, the provider of environmental, energy and industrial services throughout North America, announced that it will buy


, the largest re-refiner and recycler of used oil in North America, in an all-cash transaction valued at $1.25 billion.

Futures for the

Dow Jones Industrial Average

fell 60 points, or 47.21 points below fair value, at 12,994. Futures for the

S&P 500

were lower by 4.89 points, or 3.83 points below fair value, at 1402. Futures for the


were down 14.75 points, or 14.28 points below fair value, at 2644.

"Individually, the market's performance following major hurricanes has been uneven, as equities are more likely driven by wider-reaching global events than localized natural disasters," Sam Stovall, chief equity strategist at S&P Capital IQ said in a morning note. "On average, however, the S&P 500 rose between 3% and 6% in the subsequent one through six months. Of course there is no guarantee that history will repeat itself."

The Bureau of Economic Analysis reported Monday that personal income increased 0.4% in September against a gain of 0.1% in Augusts, while spending rose 0.8% last month after increasing 0.5% the previous month.

Economists, on average, were expecting that personal income would rise 0.4% and that spending would gain 0.6%.

The international markets were down. The FTSE in London was falling 0.51% and the DAX in Germany was down 0.61%. The Nikkei Average in Tokyo settled down 0.04% and Hong Kong's Hang Seng Index closed off 0.16%.

December crude oil futures were off 10 cents at $86.18 a barrel. December gold futures were up 50 cents at $1,712.40 an ounce.

The benchmark 10-year Treasury was up 10/32, lowering the yield to 1.71%. The dollar was up 0.19%, according to the

dollar index.

The major U.S. stock averages closed near the flat line Friday as disappointing results from companies such as


(AAPL) - Get Report

and elevated concerns on earnings forecasts overshadowed a better-than-expected read on domestic economic growth.

--Written by Andrea Tse in New York.

>To contact the writer of this article, click here:

Andrea Tse


Follow @Commodity_Bull