NY stock price temporarily rises sharply but sell order spreads modest price movement July 14 5:50

Although the Dow average stock price on the New York stock market rose sharply for a while on the 13th, selling orders rapidly expanded after California announced that it would tighten regulations due to re-infection of the new coronavirus, and eventually , Price movements remained modest.

The New York Stock Market Dow Average closing share price on the 13th of the week was 26,805.80 cents, up 10.50 cents compared to last weekend.

Initially, the number of buying orders increased due to the large purchase of Pfizer, a major pharmaceutical company, due to expectations for the development of a new coronavirus vaccine, and the Dow average stock price rose temporarily above $560.

However, when California announced that it would tighten restrictions on economic activities following the re-expansion of infection, sales orders rapidly expanded due to concerns about the economic outlook.

Nasdaq's stock index, which has many IT-related stocks, has fallen sharply, and the closing price has recorded a drop rate of over 2% compared to last weekend.

"The state of California has a large economy and concerns about the future of the economy have spread. In any case, the re-infection spread has increased uncertainty about the future."