NY Stocks Dow Drops Over $ 900 Average, March 21 5:49
The New York Stock Market on the 20th has seen a significant drop in the Dow Jones share price of over $ 900, as investors have stepped up to keep their dollars on hand in preparation for a severe downturn. In New York State, nearly all workers have been forced to stay at home, raising concerns that the market will be severely restricted by economic activity.
The New York Stock Exchange Dow Jones average closing price of $ 913,21 cents on the 20th was $ 19,173, 98 cents lower than the previous day, hitting $ 20,000 again.
There were occasions when prices rose more than $ 400 this day, but economic activity was announced by New York Governor Cuomo issuing an order to ban almost all businesses from attending employees and workers and obliging them to stay at home. Concern about widespread restrictions widened, and stock prices fell sharply.
In the foreign exchange market, the buying of dollars has strengthened, and the yen has weakened against the dollar to the mid- $ 111 level in the US dollar, while the WTI futures price, which is an international indicator in the crude oil market, has temporarily declined for the first time in 18 years. The price dropped to the $ 19 level per barrel.
In each case, investors are expected to keep dollar funds on hand, and there is a growing trend to prepare for serious economic downturns due to concerns.