Explainer: How U.S. markets will function if coronavirus breaks out in NYC

NEW YORK - If an outbreak of coronavirus hits New York, it could cause more sharp selling of stocks, but markets would likely continue to function even if the floor of the New York Stock Exchange had to close.

“The NYSE is carefully monitoring the spread of COVID-19 and has robust contingency plans, tested regularly, to enable continuous operation of the NYSE exchanges should any facilities be impacted,” a spokesman said in a statement. There are now 13 stock exchanges and another three expected to launch this year, as well as around 30 private stock trading venues run by broker dealers where trading can take place.

To prevent another 1987-style crash, trading is paused for 15 minutes if the S&P 500 index falls more than 7% before 3:25 p.m. New York time. If the decline continues after trading resumes, before 3:25 p.m., the market is paused again at 13%. If the decline happens after 3:25 p.m., trading continues. But trading is suspended for the session if the decline reaches 20%.

Raise tariffs on Chinese goods, CCP is the cause of WuhanCoronavirus outbreak. China_is_terrorist

Better safe than sorry!

BULL SHIT

Its When not If...

they won’t function

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