On June 11, local time, after several consecutive days of rising and adjustments in the U.S. stock market due to the economic restart, the growth of single-day diagnosed cases of New Crown Virus infection in some states was affected. Investors became panicked, causing the three major U.S. stock indexes to plummet. The three major US stock indexes opened lower and lowered, and the market panic index VIX rose nearly 50%. The stock market's sell-off accelerated an hour before the close, with the Dow Jones Industrial Average plunging more than 1,800 points, the biggest decline since March.
On that day, the Dow Jones Industrial Average closed at 25128.17 points, plunging 1861.82 points, or 6.9%. Similar to the Dow, the S&P 500 and Nasdaq also experienced plunges, falling 5.89% and 5.27% respectively. Analysts believe that the market is worried about the second wave of the new crown epidemic. The US Federal Reserve’s economic forecast data is poor, and dual factors have caused investors to dump stocks. (Editor Li Jiali)
Editor in charge: [Sun Jingbo]