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In the wake of plans for a Texas exchange, the New York Stock Exchange announced a branch relocation to the Lone Star State.
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NYSE joins Nasdaq — the other largest exchange in the world — in planning Texas branches in the wake of the announced Texas Stock Exchange.
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The Dow tumbled more than 900 points as COVID-19 cases surge in the United States and Europe, while next week's election is only adding to the uncertainty over the economy.
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After plummeting 34% from its prior peak, the stock index has staged a steady recovery — gaining more than 50% since March, when lockdowns shut down much of the economy.