NY Stock Market Drops Temporarily Over $ 960 $ 28 February 4:35
The New York Stock Market has been volatile on Wednesday, with concerns about the spread of the new coronavirus causing the Dow Jones average price to drop sharply, dropping more than $ 960 at a time.
On this day, the spread of the new coronavirus continued, and in the U.S., a patient whose transmission route was unknown was found.As a result, the price dropped sharply immediately after the commencement of the transaction, and the Dow Jones average price temporarily exceeded $ 960. Was.
After that, there were occasions where prices returned, but throughout the period, unstable price movements that fluctuated below the closing price of the previous day and fluctuated.
On the other hand, in the financial markets, investors have tried to avoid risk by plenty of money flowing into the secure bond market, and the yield on 10-year U.S. government bonds, which is a measure of long-term interest rates, has hit a record low. Gold prices have also risen to the highest level in seven years.
Crude oil prices have fallen sharply as demand has declined due to stagnant economic activity. Market officials say, "The spread of the new coronavirus continues, and there is currently no reassuring material. The financial market turmoil will continue for the foreseeable future."