Sandy Leaves Behind Costly Damages

Tuesday, October 30, 2012 - 10:18pm

Hurricane Sandy has left behind a deadly trail of destruction. It's killed more than 25 people and that number continues to climb. The tropical storm hit the Eastern United States hard, damaging homes, causing massive power outages, and destroying public transportation systems.

Sandy packed a dangerous and very expensive punch. The cost of property damage and lost business is said to be more than $20 billion.

The travel, transportation, and insurance industries have also suffered great losses. For the first time since 1888, weather forced US stock markets to close for two consecutive days.

The New York Stock Exchange and the Nasdaq Stock Market are scheduled to re-open tomorrow. Wednesday is an important trading day because it falls on the end of the month, which is when traders price their portfolios.

Comments News Comments

Post new Comment