Stock market seen closed Tuesday: source

Reuters

The U.S. stock market is expected to be closed on Tuesday because of Hurricane Sandy, a source said on Monday.

The decision to close markets for a second straight day because of the storm was made during a call between industry executives and regulators, said one person who was on the call. An official announcement was expected shortly.

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Every effort is being made to reopen markets on Wednesday, but a final decision has not been made yet, the source said.

(Reporting by Ryan Vlastelica; Editing by Chizu Nomiyama)