COVID-19: Trading will be closed on the New York Stock Exchange for the third time in history

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Thursday, March 19, 2020 Thursday

Corona is also seeing an impact on America, the world's largest economy, temporarily closing the well-known trading floor of the US Stock Exchange New York Stock Exchange (NYSE),

But there will be e-trading going on, this is the third time in US history when trading on the Exchange has to stop, this statement issued by the New York Stock Exchange has been taken as a precautionary measure after being infected with COVID-19.

It is worth mentioning here that the Dow Jones Industrial Average, the leading benchmark index of the US stock market, closed at 20%, the lowest level since February 2017, the index has fallen 30% in a month.

Why this decision was taken

According to the New York Stock Exchange parent company International Exchange, the move has been made by a member of the trading floor community of the New York Stock Exchange and an employee of the exchange who tested positive for the corona virus.

The New York Stock Exchange and the New York Stock Exchange American Option Market will also be closed, as will the NYSE Arca Options in San Francisco.

When did this happen before?

With thousands of brokers trading on the NYSE and trading floors, or trading for others, trading was stopped altogether even after the Second World War and 9/11 attacks on the NYSE.

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