US Dow Jones Average Price Closes More Than $ 1,000 Temporarily Drops Below $ 20,000 At 6:06 on March 18
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The New York stock market rose on the 17th, closing the Dow Jones average $ 1,000 higher than the previous day, but it has dropped below $ 20,000 for the first time in three years and one month. The sharp fall in stock prices, which began at the end of last month, remained unstoppable, with a drop of more than $ 9000 in less than three weeks.
The New York Stock Exchange Dow Jones average closing price at $ 21,237,38 cents higher than the previous day at $ 1,048,86 cents, expecting U.S. government economic measures and funding measures against the spread of the new coronavirus. Price has risen from such.
The Dow Jones Average Price, which has fallen to nearly $ 3,000 the previous day, has started to fluctuate on Tuesday, dropping to $ 19,882 30 minutes after the start of trading, interrupting the $ 20,000 mark. Was.
This is less than $ 20,000 for the first time in three years and one month since February 2017.
The Dow Jones average share price has risen since President Trump took office, reaching a high of $ 29,551 on February 12, with $ 30,000 in sight.
However, since February 24, it has fallen sharply, marking a massive drop of over $ 9000 in just over three weeks.
In the market, it is widely believed that the adverse effects on the economy from the spread of the new coronavirus will be prolonged, and stock prices are likely to remain volatile for the time being.
President Trump says "If you overcome the virus, you will be back"
"A temporary sacrifice can protect the health of Americans, and the US economy will rapidly turn around. The biggest thing to do now is to make a temporary sacrifice. By overcoming the virus, if it can be done, it will recover as unprecedented as possible, '' he said, saying that if the spread of the new coronavirus is stopped, the economic situation will improve immediately. Was.