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Markets & Stocks
Stock futures not trading
September 17, 2001: 6:50 a.m. ET

Premarket stocks suspended as markets set to reopen after WTC attack
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NEW YORK (CNNfn) - As Wall Street steels itself to resume trading Monday following last week's terrorist attacks, one noticeably absent feature is before hours stock futures trading.

Futures contracts, which are normally used by traders to hedge their positions and as an indicator of where the markets are headed each day, are not being traded for the Standard & Poor's 500 and the Nasdaq 100 indexes.

A futures contract is an agreement to buy or sell a commodity or financial instrument by a particular date.

U.S. markets are set to resume trading at 9:30 a.m. ET after a four-day hiatus, the longest trading suspension since the Great Depression, caused by the terrorist attacks on the World Trade Center in lower Manhattan and the Pentagon in Washington.

Additionally, electronic trading networks also planned delayed openings Monday. Island will not begin trading Nasdaq issues until 8 a.m. ET and will not trade New York Stock Exchange issues over the counter until the 9:30 a.m. opening bell. graphic





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