NY Stock Market Drops Falling Over $ 1800 This Week Ahead of Presidential Elections October 31st 5:47
The Dow Jones Industrial Average fell on October 30th in the New York stock market.
With the presidential election coming up next week, it has fallen by more than $ 1800 this week alone.
The closing price of the Dow Jones Industrial Average on the New York stock market on the 30th was $ 26,501 and 60 cents, which is $ 157.51 lower than the previous day.
The day before, the announcement of the financial results of major IT companies was completed, and sales orders were preceded by these companies to secure immediate profits.
In addition, the number of people infected per day in the United States is more than 88,000, which is the highest ever, and the infection of the new coronavirus is spreading again including Europe, so there is a sense of caution about the future of the economy. It was getting stronger and led to a fall in stock prices.
The Dow Jones Industrial Average fell by more than $ 1800 this week alone, dropping by more than 4% in the first month of October.
It was down last month and September, and the recovery of stock prices is slowing down with the presidential election coming next week.
Market officials said, "While there are moves to refrain from trading because the outcome of the presidential election is difficult to predict, the economy may stagnate again due to the post-election'political gap'and the effects of the new virus. Concerns are growing, "he said.