April 29, 2003 |
China is halting trading at its stock exchanges in Shanghai and Shenzhen from Thursday to May 9 and may extend the closure until May 19 because of severe acute respiratory syndrome, an official of the Shanghai Stock Exchange said Monday. The first five days of the closure will be a public holiday marking Labor Day. The government earlier pared the weeklong holiday to try to discourage people from traveling around the country and contain the spread of SARS.
January 26, 2001 |
The New York Stock Exchange will make history Monday when it converts all of its stocks to decimal pricing--ending two centuries of pricing in fractions. The move, to be mirrored simultaneously by the American Stock Exchange, follows a five-month test during which 159 NYSE stocks traded in price increments of one penny instead of the 1/8 (12.5-cent) or 1/16 (6.25-cent) increments in which most stocks now trade.
December 27, 1990 |
An electrical transformer exploded early today in the Wall Street district, setting off a fire and delaying trading on the two major stock exchanges for 90 minutes. Flames shot eight stories high after the transformer blew up beneath the sidewalk outside the 54-story building that houses the stock markets' computer center. Between 100 and 200 late-night office workers fled the building into freezing temperatures after the pre-dawn explosion.
December 29, 1990 |
The Securities and Exchange Commission, in a report on the October, 1989, market drop, called on the nation's two major stock exchanges Friday to tighten performance standards for professionals who regulate trading flow. The SEC said the New York and American stock exchanges performed well overall during the 190-point tumble in the Dow Jones industrial average Oct. 13, 1989, and during a sharp rise on Oct. 16.