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Subway rides were free as authorities encouraged commuters to use mass transit rather than drive. Mayor Michael Bloomberg and state Governor Andrew Cuomo said private cars must carry at least three people in order to enter New York, after the city was clogged by traffic on Wednesday.
The New York Stock Exchange, running on generator power after the first weather-related two-day closure since an 1888 blizzard, reopened on Wednesday. S&P 500 index futures were down slightly before the market opened on Thursday.
LaGuardia airport in New York was scheduled to reopen on Thursday with limited service. John F. Kennedy and Newark, New Jersey, airports reopened with limited service on Wednesday.
Preparations went ahead for the New York Marathon on Sunday, but Thursday’s National Basketball Association season-opening game between the New York Knicks and Brooklyn Nets was postponed.
Sandy was likely to rank as one of the costliest storms in U.S. history. One disaster-modeling firm said Sandy may have caused up to $15 billion in insured losses.
About 6 million homes and businesses in 15 U.S. states were without power on Wednesday, down from a high of nearly 8.5 million, which surpassed the record 8.4 million customers who went dark from last year’s Hurricane Irene.
On Wednesday, Christie issued an executive order moving Halloween celebrations in New Jersey to Monday and Wednesday’s Halloween parade through New York’s Greenwich Village was postponed as well.
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