NY Market Dow Jones Industrial Average Drops for 3 Consecutive Days Concerns about the Future of the Economy Growing October 28, 8:06
The Dow Jones Industrial Average fell for the third consecutive day, although the New York stock market on the 27th had a move to buy back in response to the sharp drop on the previous day.
With the re-expansion of the new coronavirus infection, concerns about the future of the economy are increasing.
The closing price of the Dow Jones Industrial Average on the 27th was $ 27,463,19, which is $ 222,19 lower than the previous day.
The Dow Jones Industrial Average, which recorded a sharp drop of $ 650 the day before, has fallen for the third consecutive day.
Following the sharp drop in prices the day before, buybacks were made mainly for IT-related stocks, but the infection of the new virus has spread again, and there are concerns about the future of the economy in the market.
In addition, the prices of caterpillars for construction machinery, which were announced on this day, and Boeing, a major aircraft company, dropped significantly.
On the other hand, the stock index of NASDAQ, which has many such stocks, has risen due to the repurchase of IT-related stocks.