3PM Press Conference on Stock Markets:
NEW YORK - Leaders of the top American stock markets and U.S. government officials are planning a 3 p.m. news conference Thursday in New York to discuss the status of resuming stock trading, suspended for three days after the air attack on the World Trade Center destroyed the twin towers and large swaths of downtown.
According to spokesmen at the New York Stock Exchange and the Nasdaq stock market, the event will be held at the Bear Stearns midtwon Manhattan headquarters and is anticipated to be a repeat of Wednesday news conference at Bear's Park Avenue officers.
NYSE Chairman Richard Grasso at the Wednesday news conference said all efforts were under way in an attempt to resume trading by Friday at the earliest or Monday at the latest.
Grasso is expected to be again joined by Nasdaq Chief Executive Hardwick Simmons, U.S. Securuties and Exchange Commission Chairman Harvey Pitt, and Peter Fisher, U.S. Treasury undersecretary for domestic finance, at the Thursday news conference.