News In Brief

A Wall Street first: trading goes on as US goes to the polls

The nation's stock exchanges opened Tuesday for the first time ever on a presidential election day. Trading on the New York Stock Exchange was fairly active and prices broadly higher on news of a sharp decline in money-market interest rates.

The exchange led the move when it announced July 6 it would not observe the traditional election closing. Officials said the decision reflected the increasingly international nature of the securities industry and the trend in the United States for businesses to remain open on election day.

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