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To: PMG who wrote (121361)9/12/2001 6:39:49 PM
From: PMG  Respond to of 436258
 
:47PM U.S. stock markets to open by Monday by Matt Andrejczak
The U.S. stock markets will open no later than Monday, a top NYSE official said on Wednesday after emerging from a meeting with representatives from the SEC, Nasdaq, Treasury and Wall Street investment firms. Investment banks will begin to trade government securities at 8AM on Thursday. The group will gather again tomorrow and trading in stocks could begin as early as Friday, said NYSE Chairman Dick Grasso. The main reasons the stock exchanges will not open Thursday is due to concerns about worker safety and the heavy burden on the communications infrastructure, which is not ready to handle the expected heavy trading volumes. The group will meeet with Verizon officials on Thursday morning. When trading resumes, the U.S. markets will be back "stronger and better" than ever before, Grasso said. In the wake of the terrorist attacks Tuesday, the trading halt is the longest ever in U.S. history.