The Straits Times
www.straitstimes.com
Published on Oct 31, 2012
 

Wall Street edges higher in early trade after historic closure

 
 

NEW YORK (REUTERS) - US stocks edged higher on Wednesday in the first trading session since a massive storm in the US North-east forced a two-day market closure.

Trading was expected to be volatile as exchanges dealt with pent-up demand from two untraded days. This was the first time the stock market had closed for two straight days because of weather since a major blizzard in 1888.

Among the biggest gainers of the day were Ford Motor, which reported strong results during the market closure, and Home Depot, which rallied as people bought supplies to repair storm damage.

Ford gained 5 per cent to US$10.83 (S$13.18) as the most-traded stock on the New York Stock Exchange, while Home Depot, a Dow component, added 3 per cent to US$61.85.