Hurricane Sandy might just be the worst disaster in over a century, affecting the East Coast of North America. The hurricane, which was surprisingly only on Category 1 of a scale of 5, caused massive destruction in major cities in the United States and delivered a painful blow to the US economy. New York in particular, suffered relatively more damage as subways were flooded and transportation within the city was left stagnant. 
The New York stock exchange was forced to close due to the hurricane and it was the worst weather related shutdown in over a century. What were the implications of the sudden closure of the stock exchange?
According to former SEC Chairman Levitt, ““To see the New York Stock Exchange crippled is a body blow that will really shake the image of that institution for a long time to come.” The stock exchange serves as the symbol of United States capitalism and for it to go down without a contingency plan has definitely caused people to lose trust and reputation of that institution.
The numbers of a company in the stock exchange changes constantly as the price changes due to supply and demand and also the information about cash flows. I definitely see the value of the S&P 500 stock plunging as a result of this unfortunate news.
