As Hurricane Sandy makes its way up the East coast, flooding and power outages have already occurred and are likely to get worse. New York City has shut down public transit, some tunnels and schools and Mayor Bloomberg has urged 375,000 residents to evacuate. U.S. capital markets are frozen with the New York Stock Exchange shut down Monday and to remain closed on Tuesday.
Broker-dealers TD Ameritrade and LPL Financial rescheduled earnings calls because of the severe weather.
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