U.S. Day Ahead: U.S. stock markets expect to reopen
Tuesday, October 30, 2012 - 01:40
Oct 30 - Major U.S. stock exchanges expect to open on Wednesday after a monster storm shut down their trading for two days.
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The New York Stock Exchange closed for two days straight but tomorrow it's all systems go. York stock exchange operator Larry Leibowitz saying the exchange intends to open as usual on Wednesday. But the NYSE and NASDAQ still testing their contingency plans but only just in case. The New York Stock Exchange and NASDAQ both but I really has recently seen that they will be opened its -- more business as usual they're both pretty test right now they seem to be running smoothly. The only issues that might come up tomorrow will be with the connectivity -- Firms that trade -- York stock exchange because a lot of infrastructure in lower Manhattan right now our a lot of financial firms are is -- Traders expecting heavy selling after equities reopened. Investors whose fiscal years ended October may look to get tax benefits from shedding losing stocks. General Motors results out tomorrow earnings are expected to fall short losses in Europe and -- profits here in the US weighing on the auto maker. Analysts expecting G -- just over one billion before tax is down 32% from a year earlier. The automaker also signaling -- statement today that hurricane sandy will likely -- damper on sales from the north east. To credit card companies going head to head with earnings tomorrow visa which announced -- new CEO last week is expected to post a boost earnings. Analysts estimate earnings of 149 share with revenue coming in over two point six billion dollars. Analysts also expect to rise in earnings and revenue for MasterCard. Did not quite as high as visas. Stay with insider and Reuters TV for more on the big market movers and I'm Lisa Bernard this is Reuters and.
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