NYSE will reopen on May 26, “New Normal” Pres. Cunningham Says

After March 23, Coronavirus storm hit Wall Street very hard. Before Wall Street can be cleared up, big shovel of hope may be needed for many Americans first.

New York Stock Exchange (NYSE) President Stacey Cunningham announced Thursday, that NYSE will reopen on May 26, and allow a “subset” of brokers wearing face masks to work at the trading floor.

As of March 23, all trading switched to electronic due to one employee and one trader testing positive for coronavirus at the NYSE.

Cunningham said, “Our reopening will bring a ‘new normal’ for the NYSE, hopefully helping chart a path that other businesses in densely populated areas might follow.”

“Designated market makers” who oversee trading for the exchange’s 2,200 listed companies will continue to work remotely, and anyone entering the building will not be allowed to use public transportation. Temperature checks will be reimplemented at entrances.”

“We’ve learned a lot and are in a position to reopen the floor with vital new safety measures, as we begin working together to restart the U.S. economy,” she said.

Coronavirus pandemic is still very much in progress, and this new change will have to be monitored to see whether such action is safe or effective.

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