New York Stock Exchange to Reopen after Memorial Day

New York Stock Exchange to Reopen after Memorial Day

$DIA $SPY $QQQ $RUTX $VXX $ICE

The President of the New York Stock Exchange Stacey Cunningham announced after the closing bell Thursday the NYSE is going to reopen the trading floor the day after Memorial Day.

“We will reopen our trading floor to a subset of floor brokers the day after Memorial Day,”  Ms. Cunningham wrote Thursday night.

Our reopening on May 26 will follow the day when, each year, we honor those who gave everything to defend our nation,” she added. “This year, we also want to honor the healthcare and essential-service workers who are serving the country bravely. We will respect the sacrifices of frontline workers and the city at large by proceeding cautiously, limiting the strain on the healthcare system and the risk to those who work beneath our roof.”

The reopening will be gradual and adhere to social distancing and health safety practices.

We will not yet resume our regular schedule of events, and most employees will continue to work remotely,” she continued. “We will also implement a daily regimen of thorough cleaning and sanitization of the trading floor.

These rigid measures will ease as the situation in the city improves. They may become more stringent if the virus surges again.”

Thursday, the major US stock market indexes finished at: DJIA +377.37 at 23625.34, NAS Comp +80.55 at 8943.74, S&P 500+32.50 at 2852.37

Volume: Trade on the NYSE came in at 1.1-B/shares exchanged

  • NAS Comp -0.3% YTD
  • S&P 500 -11.7% YTD
  • DJIA -17.2% YTD
  • Russell 2000 -25.8% YTD

HeffX-LTN’s overall technical outlook for the major US stock indexes is Neutral with a Bullish bias.

Looking Ahead: Investors will receive lots of data Friday: Retail Sales for April, the Empire State Manufacturing Survey for May, Industrial Production and Capacity Utilization for April, Business Inventories for March, the JOLTS report for March, and Net Long-Term TIC Flows for March

Have a healthy day, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge. Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.