NY Stocks Temporarily Drops More Than $ 900 Concern About Spreading Virus Infections March 4 5:59
The New York Stock Market on Tuesday, which received additional interest rate cuts, said that concerns about the impact of the spread of the new coronavirus on the economy had grown stronger, and the Dow Jones stock averaged $ 900 temporarily compared to the previous day. The price has dropped significantly.
Shortly after the transaction commenced, the Fed announced another rate cut shortly after the deal opened, causing the Dow Jones to rise sharply and then to decline.
According to market sources, investors are increasingly concerned that the spread of the new coronavirus will affect the outlook for the economy, and that efforts to avoid risk are even stronger.
For this reason, funds flowed into the bond market, and the interest rate of 10-year government bonds in the United States, which is an indicator of long-term interest rates, dropped, falling below 1% for the first time.
In the foreign exchange market, the trend of buying safe yen has continued, and the yen has appreciated against the dollar since October last year to the 106 yen level per dollar.