The New York Stock Exchange will temporarily close its trading floors and switch to all-electronic trading beginning when markets open next Monday amid the novel coronavirus outbreak.
The facilities that will be closed include the equities trading floors in New York and San Francisco. The S&P 500 fell 5.17% to 2,398 and the Nasdaq slipped 4.7% to 6,989 by the time the markets closed. The Dow closed at 19,898, just a few hundred points above the level it was when President Donald Trump took office in January 2017. During intraday trading, the index slipped below that mark."I think what we’re seeing today and in recent weeks is a market that has nothing to ... steady it.
Among the worst performers for the Dow Wednesday were Boeing and the Chevron Corp which both shed more than 20%. The third worst performer for the index was the Travelers Co., which lost more than 15%.MORE: Dow rebounds 1,000 points in volatile day for financial markets
Not the virus, the administration's mishandling of it.