Nasdaq To Close Its Trading Floor Amid Coronavirus Outbreak
Zacks Investment Research | Mar 17, 2020 08:37AM ET
Nasdaq, Inc. (NASDAQ:NDAQ) announced that it will temporarily shut down its PHLX Options Market trading floor located in Philadelphia on Mar 17, 2020. The trading floor will remain closed until further notice.
The announcement reflects the company’s efforts to contain the spread of coronavirus in Philadelphia. The virus, which was considered to originate from the Wuhan market in China, has infected several people and already caused many deaths in the United States.
However, trading of the company’s equities, options and fixed income markets, which can be traded electronically, will continue to operate.
The coronavirus pandemic seems to affect the company’s share price performance as well. Shares of the Zacks Rank #3 (Hold) company have lost 26.2% in the past month compared with the Zacks Investment Research
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