NY Stock Market Dow Average Stock Price Drops sharply Crude oil price plunges at 5:28 on April 21
The New York Stock Market Dow Average stock price on the 20th day of the week dropped significantly compared to last weekend. The fall in stock prices caused a sharp drop in crude oil prices, and the view that future demand in the New York crude oil market fell to a negative level for the first time due to the view that the spread of new coronavirus infections would reduce demand.
The closing price of the New York Stock Market Dow Average stock price on the 20th was 23,650 dollars and 44 cents, which is cheaper by 592 dollars and 5 cents compared to last weekend.
The crude oil price caused the stock price drop. The WTI May futures price, which is an international indicator, fell sharply from $ 18 / barrel last weekend, and the price fell for the first time to a negative value for the first time in a trade on the 20th.
From the perspective that economic activity will be restricted due to the spread of the new coronavirus and demand will decrease significantly, in addition to the accumulation of inventory, the trading of May items is up to 21 days, and the transaction volume is Because there were few.
The next June item is around $ 20 per barrel.
An official in the crude oil market said, “Because there are no consumers, the storage and transportation costs are higher, there are no buyers. , It could put pressure on the American energy industry and seriously affect the real economy. "