NY Stock Market drops for two consecutive days Dow breaks $ 29,000 7:09 on February 22

The New York stock market closed yesterday on Tuesday, worrying about the impact of the spread of the new coronavirus on the global economy, and the Dow Jones Average closed below $ 29,000 and closed this week.

The New York Stock Exchange Dow Jones average closing price was $ 28,992, 41 cents lower than the previous day, down $ 227,57 cents.

The Dow Jones Average fell for the second consecutive day, hitting $ 29,000.

On this day, the spread of the new coronavirus in Japan and South Korea has led to growing concerns about the impact on the global economy, as well as poor economic indicators, which has led to an increase in sales orders. The average share price has temporarily exceeded $ 300.

In addition, sales of IT-related stocks such as Apple and Microsoft, which have led the market so far, are conspicuous, and the NASDAQ Index, which has many such companies, has recorded a significant drop of 1.8% compared to the previous day.

In addition, investors' efforts to avoid risks were prominent, with long-term interest rates falling sharply.

`` Although there has been no noticeable impact on the U.S. economy from the new coronavirus at this time, the uncertainty over the future has led to a surge in sales orders in an effort to secure immediate profits, '' said a market source. Talking