Local time on February 24, affected by the spread of the new crown pneumonia epidemic outside China, affecting investors ’global economy, the three major US stock indexes plummeted after the opening. The Dow Jones Industrial Average once fell more than 780 points, or 2.7%, and both the Nasdaq and S & P 500 fell more than 2.5%.
As of 10:20 local time, the Dow fell slightly and narrowed to 765 points.
According to current trends, the Dow is likely to fall on that day for the largest day since August last year. The hardest hit were aviation stocks and vacation stocks. Delta Air Lines and American Airlines once fell more than 6%. In addition, chip technology stocks including Nvidia and AMD also fell more than 6%.
The rapid decline after the market opened on the 24th is related to the rapid spread of the new crown virus outside China, leading to a rapid rise in confirmed cases in many countries. Some Wall Street economists have analyzed that if the new crown epidemic continues to spread around the world, there may be further declines in the stock market. (CCTV reporter Xu Dezhi)