NY stock market drastic price drop Impact of employment insecurity and IT-related stock price drop July 24, 5:57
On the 23rd, the New York stock market dropped sharply with both the Dow average stock price and NASDAQ. This is due to the uneasiness of the employment environment and the significant drop in the prices of IT-related stocks such as Apple and Microsoft, which have been towing until now.
The closing price of the New York Stock Market Dow Average stock price on the 23rd was 266.52 dollars and 33 cents, which is 353 dollars and 51 cents cheaper than the previous day, and the price drop was the first time in 4 days.
On this day, the latest number of applications for unemployment insurance in the United States began to increase for the first time in 16 weeks, and the sell order was preceded by fears that the employment environment would deteriorate again.
In addition to this, Apple and Microsoft have dropped significantly by more than 4%, temporarily dropping above $400.
As IT-related stocks generally fell, the stock index of Nasdaq, which has many such stocks, dropped more than 2% compared to the previous day.
A market official said, “IT-related stocks are wary of high prices, and the top executives of major IT companies are refraining from testifying to parliament on the 27th of next week, so sales orders to secure profits have increased.” I am.