Traders are working on the floor of the New York Stock Exchange.
NYSE
Some New York Stock Exchange workers will return to work remotely amid an increase in Covid-19 cases in the largest city in the United States
“On Monday, December 28, 2020, in response to changes in public health conditions in the New York area, NYSE Designated Market Makers (DMM) will temporarily return to remote operations (with limited exceptions),” the NYSE said in a statement Tuesday.
“DMMs will retain their regulatory obligations to maintain fair and orderly markets in all NYSE-listed securities and provide electronic liquidity and facilitate allotted securities auctions, including ‘D’ orders,” the statement said.
After a historic shutdown in March due to the coronavirus pandemic, the NYSE partially reopened at the end of May. At the partial reopening, only about 80 brokers were greeted back, about 25% of the number before the coronavirus pandemic.
Now, the NYSE is sending some market makers back to their remote workplaces because of the record number of Covid-19 cases in New York.
December was one of the darkest months of the New York pandemic. New daily cases of coronavirus across the country have recently eclipsed 10,000 for the first time since spring, and Covid-19 hospitalizations are on the rise.
New York Governor Andrew Cuomo announced Friday that New York restaurants will be forced to close their indoor dining sections.
Despite the fact that the Pfizer vaccine began being delivered and administered last week, the United States reports at least 215,400 new cases of Covid-19 and at least 2,600 virus-related deaths each day, based on a seven-day average calculated by CNBC using Johns Hopkins University data.