It's back to business on Wall Street as the U.S. markets reopen for a normal trading session this morning. The last time the NYSE closed for two consecutive days due to weather was during a blizzard in 1888. (See Related: What it Takes to Close the Stock Market)
But will it be business as usual?
"I think this closure is interesting in that we haven't seen a two-day weather closure since 1888, but the reality is that it isn't as serious as it sounds for investors," says Jim Paulsen, chief investment strategist at Wells Capital Management. "There were enough markets open that if you needed to get something done you could."
Still a slew of delayed earnings reports and economic data will hit the tape on Wednesday, Thursday and Friday, making this one busy shortened market week.
"I do expect higher volume due to pent up trades that would've went through on Monday or Tuesday, but I don't think it's going to be panicky," says Paulsen. "By a half-hour into trading it'll be like we were never closed."Read More »from Stock Market Reopens: Back to Business as Usual?