Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
NYSE stock exchange
World exchanges

The NYSE Stock Exchange may stop operating due to coronavirus

12.10.2020
2 min read

What happens if the NYSE stock exchange closes: forecast

The largest stock exchange NYSE was threatened with closure. It’s the coronavirus and the damage it does to the world economy. Rumors about a possible collapse of the trading floor are becoming more realistic every day, and it is possible that the New York Stock Exchange will finish its work in the next few weeks.
The information about the exchange came from a reporter Charles Gasparino, who wrote on his Twitter about problems with traveling to other countries. According to him, some employees are being transferred to remote work.
However, the experts are more optimistic. They claim that no coronavirus cases have been registered in New York, which means that the closure of NYSE is not justified. Although the center in the U.S., which is engaged in disease control, has officially announced a high threat of a pandemic due to the rapid spread of the virus. The first fatal case has already been registered in Washington state.
If the worst-case scenario does occur and the NYSE exchange has to be closed, the world markets will still function. Shares will suffer first of all in this situation – they will start to sell sharply. U.S. stock exchanges have prepared for various developments and have drawn up a plan of action, which will help them to survive the crisis with the minimum possible losses. It should be noted that on all trading platforms, except NYSE, securities transactions are conducted electronically.

NYSE stock exchange

Closing the exchange in New York will also affect the bitcoin, but to a minimum extent. Cryptocurrency is not as closely linked to the traditional economy as standard assets, so there are no sharp fluctuations. However, like the rest of the currency, Bitcoin is afraid of panic, which will occur if the virus spreads across the U.S. and the markets begin to close. In this case, the bitcoin may sink to $7,200 and below, which will have a negative impact on the Stock-to-Flow model.
The US stock markets were closed in 2012. At that time Hurricane Sandy covered the country, and New York saw the strongest wind in 75 years. At that time, the stock exchanges did not work for two days, which, however, did not affect the indicators of the main indices – Dow Jones and S&P 500.
However, it would be wrong to compare the impact of the hurricane and the pandemic. The impact and consequences of the virus have been observed much longer and have spread wider than one geographical plane. It should be understood, however, that a cure for the disease has not yet been released, which means that it is impossible to predict how long an epidemic will last and its magnitude. It remains to hope that the NYSE exchange will continue to operate as usual for a long time.

Tags: World exchanges
0
Previous Post Head of Sberbank German Gref: by the end of the year the ruble exchange rate may significantly strengthen its position Next Post Intuit Inc buys start-up Credit Karma for $7.1 billion

You Might Also Like

Microsoft and the London Stock Exchange collaborate
World exchanges
Microsoft and the London Stock Exchange jointly plan to develop AI
08.01.2024
Australia's top high-yielding stocks
World exchanges
Australia’s top high-yielding stocks: company overview
13.04.2024
Laos cryptocurrency exchanges
World exchanges
Two cryptocurrency exchanges in Laos received approval from the country’s Central Bank
24.06.2022
2019 dividends
World exchanges
Dividends for 2019 will be paid: application of Moscow stock exchange
21.12.2020
Trading on the London Stock Exchange
World exchanges
How trading on the London Stock Exchange will change after the agreement between the UK and the EU
29.06.2021
Korean Stock Exchange
World exchanges
How the Korean Stock Exchange has evolved
19.06.2025

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Analysts: Egypt’s economy to continue falling in 2023
  • Field of activity of the American Monsanto Company Corporation

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Analysts: Egypt’s economy to continue falling in 2023
  • Field of activity of the American Monsanto Company Corporation
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics