NY stock price fell more than $700. 5:35 on June 27 due to a sharp increase in corona cases.
On the 26th, the New York Stock Exchange's Dow Average fell sharply over $700 from yesterday. With the rapid increase in the number of people infected with the new coronavirus, there is a growing view that the market will have a negative impact on the economy over the long term.
The closing price of the New York Stock Exchange Dow Average stock price on the 26th was 25,015.55 cents, which is 730.55 cents lower than the previous day. The rate of decline reached nearly 3%, temporarily interrupting the milestone of $25,000.
In the United States, the number of people infected with the new coronavirus per day has reached 40,000, which is the highest number ever, and the market is becoming more and more aware that the re-spreading of infections will have a long-term adverse effect on the economy.
Market participants said, "In the report released by the International Monetary Fund (IMF) the day before, it was pointed out that the real economy and the rise in stock prices were far apart. That situation will continue.”