Reopened New York Stock Exchange Trading Floor... New York State Normalization in Full Swing

New York Governor Andrew Cuomo is attending the opening bell ceremony at the New York Stock Exchange, which reopened its offline trading floor after two months. Photo by Reuters Yonhap News

[Asia Economy New York=Correspondent Baek Jong-min] The only area left in New York State for Phase 1 economic reopening is New York City. Although the reopening of New York City is expected to take more time, the city is moving toward normalization, as evidenced by the New York Stock Exchange (NYSE) resuming offline trading on this day.

On the 26th (local time), The New York Times (NYT) reported the Phase 1 economic reopening news for the Mid-Hudson region, stating that "only Long Island and New York City remain."

Long Island is also scheduled to join starting from the 27th, leaving New York City as the only area in New York State excluded from Phase 1 economic reopening.

New York State has allowed Phase 1 reopening for regions meeting seven criteria, including hospitalization rates, permitting construction, agriculture, forestry, fishing, hunting, manufacturing, wholesale trade, and retail (take-out or street vending).

Considering the COVID-19 containment situation, New York State plans to implement phased reopening: Phase 2 for professional services, retail, and real estate; Phase 3 for restaurants and hotels; and Phase 4 for arts and entertainment.

New York City's Phase 1 reopening was expected in early next month. Mayor Bill de Blasio stated that Phase 1 economic reopening in New York City is likely possible in the first half of June.

Governor Andrew Cuomo visited the New York Stock Exchange (NYSE), which reopened its offline trading floor after two months, held a daily briefing, and attended the 'Opening Bell' ceremony. The New York stock market also regained momentum, with the Dow Jones Industrial Average recovering above 25,000 points and the S&P 500 index surpassing 3,000 points during the session.

Governor Cuomo announced that he will visit Washington DC on the 27th to meet President Donald Trump to discuss the economy and infrastructure construction.

This content was produced with the assistance of AI translation services.