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 $US58.50 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. 

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:

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