Stock Market Remains Closed, Bond Trading Reopens

The U.S. stock market will remain closed on Thursday. New York Stock Exchange Chairman Richard Grasso has indicated that equity markets will resume trading no later than Monday, and may resume on Friday.

Mr. Grasso stated, "It is clearly the goal to bring this market up as quickly as humanly possible."

Fears for a steep drop in stocks when the market reopens have been assuaged by the performance of the European market, which ended higher on Wednesday. Asian markets, on the other hand, fell Wednesday, with the Japanese Nikkei average dropping below 10,000 for the first time in 17 years.

In related news, U.S. Treasury trading resumed today. Treasury prices were frozen mid-morning Tuesday when trading was suspended.

You may like these other stories...

By Jason Bramwell, Staff Writer CPAs in New Jersey, New York, and Pennsylvania believe economic conditions in the United States will likely be the same one year from now, and while they predict higher business revenues...
By Jason Bramwell Managers in accounting, finance, and IT are cautiously optimistic about their hiring plans for the fourth quarter of 2013, according to a new hiring outlook survey from staffing firm Brilliant. ...
By Jason Bramwell CPA firms in 2012 posted their first respectable increases in revenues since before the start of the recession; however, professional staff turnover last year rose approximately 50 percent across the...

Upcoming CPE Webinars

Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.