NY Stock Market Drops Greater Than $ 600, Concerns About Economic Outlook May 2: 5:51
On the 1st, the New York stock market renewed fears about the future of the economy, and the Dow average stock price fell sharply above $ 600.
The closing price of the Dow Average stock price on the New York Stock Market on the day was 23,723.69 cents, which is 622.33 cents lower than the previous day.
The price has fallen sharply since the 21st of last month, interrupting $ 24,000 again.
IT-related companies such as Amazon and Apple, which have been seen as performing well, were affected by the spread of the new coronavirus, and concerns about the future of the economy in the market increased again, leading to sales orders.
Energy-related stocks, such as Exxon Mobil, whose quarterly financial results were in the final deficit, also fell sharply due to sluggish crude oil prices.
In addition, the view that the trade friction between the United States and China may be intensified again has hampered the market.
A market official said, “There are some voices saying that the stock price increase up to the last month is far from the real economy, and even large companies say that the outlook is unclear, and there are places to put off the earnings forecast from April to June. Has started with concern about the future. "