Wall Street appears to have weathered Hurricane Irene better than recent economic troubles.
The stock markets and most major financial firms planned to open Monday, according to the Wall Street Journal. While New York City did suffer some flooding and storm damage this weekend from the hurricane, the Financial District sustained minimal damage.
The decision to resume trading by the New York Stock Exchange (NYSE) and Nasdaq Exchange, along with electronics markets like BATS Global Markets, came after consultations with federal regulators.