ConEd shares tumbled into the close after a massive building fire in New York
Shares of Consolidated Edison slipped into the close after a massive building fire was reported in Manhattan's East Village.
Shares of the company fell by nearly 3% near the end of trading, closing at $58.50 per share. Shares were little changed after hours and are down over 10% year-to-date.
Following the news ConEd tweeted that it was shutting down gas in the area.
We are shutting down gas in the #EastVillage area of 2nd Ave
— Con Edison (@ConEdison) March 26, 2015
According to the FDNY, the explosion caused the partial collapse of a five story apartment building, and the subsequent fire has apparently spread to two other buildings.
Follow Business Insider's complete coverage of the fire here.
Here's a chart showing the slide into the close:
(Yahoo Finance)
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