The New York Stock Exchange NYX said in a statement late Sunday that it would close its markets Monday.

Markets are likely to remain closed on Tuesday as well. The Nasdaq NDAQ stock market, which trades many technology stocks, including Google GOOG and Microsoft MSFTalso closed down Monday. The exchange will later announce plans for Tuesday. New York has declared a state of emergency and the city suspended subway service, bus and commuter rail servicewhich started at 7 p.

Look ahead to stocks: The NYSE originally planned on staying open for electronic trading, while closing its trading floor, but later said all operations would close after consultations with regulators and other exchanges.

NYSE rarely shuts down for weather-related emergencies: Hurricane Gloria inand a snowstorm in were the last major weather events to bring the exchange to a halt. Monday marks the first unscheduled market-wide shutdown since Septemberwhen markets were closed for four full trading days following the Sept. The last market-wide shutdown was on January 2,in accordance with the country's national day of morning in memory of President Gerald Ford, who had died a week earlier.

Hurricane Sandy Forces Stock Market to Close [Video] - icoqerum.web.fc2.com

In other markets, CME Group CME halted floor trading since its Nymex trading floor is in New York City's mandatory evacuation zone. The CME closed and settled all stock-related futures and options at 9: CBOE Holdings Inc CBOEthe world's largest options exchange, also closed trading Monday and said it would make a further announcement if closures are determined for additional days.

The weather forecast prompted the U. Treasury to revise its schedule of debt sales for the week, moving Tuesday's 4-week bill auction to Monday from Tuesday.

The bond market will remain open Monday. The Securities Industry and Financial Markets Association is recommending an early close of noon ET and a full day close on Tuesday, but the ultimate decision is left up to the firms that trade bonds, including Treasuries, mortgage-backed securities, corporate bonds, and municipal bonds.

Even though Federal government offices were closed, the Commerce Department released its monthly report on personal income and spending on schedule Monday morning. Meanwhile, some companies with offices in the flood zone in lower Manhattan, like American Express AXPhave closed their Hurricane sandy stock market open York offices on Monday. Goldman Sachs GS will be open for business Monday, though most of its New York employees will work from home due to its offices' proximity to the evacuation zone and transit suspensions, according to a memo to staff obtained by CNNMoney and confirmed by a spokesman.

The firm will rely on its teams in London and spartan forex trading system the world for support. The memo said cdw stock market employees "deemed critical to the operation of the firm," however, will be asked to go into its lower Manhattan offices Hurricane sandy stock market open, but stressed that safety remains a top priority.

Pfizer PFEwhich had been scheduled to issue its quarterly financial report on Tuesday, said that it would reschedule for Thursday morning. Meanwhile, power companies Entergy ETR and NRG Energy NRG said they were delaying their third-quarter conference calls because of the storm.

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