US exchanges shut down before Hurricane Sandy

All major US stock exchanges will remain closed with Hurricane Sandy due to make landfall on the East Coast.

There had been plans to allow electronic trading to go forward Monday on the New York Stock Exchange, but with all mass transit shut down, getting people in and out of New York was determined to be too dangerous.

Electronic trading will shut down 15 minutes early.

Though it's likely to carry little market relevance, the Dow Jones industrial futures are down 67 points to 12,987. The broader S&P futures have given up 8.10 points to 1,399.50. Nasdaq futures are down 18 points to 2,641.

Some companies are also postponing quarterly earnings reports scheduled for release early this week. So far, that includes Pfizer Inc. and Thomson Reuters.