NY stock market price drop July 29 5:58
On the 28th, the New York stock market dropped. On the other hand, in the foreign exchange market, dollar selling and yen buying strengthened, and the yen exchange rate temporarily stood at the 104 yen level against the dollar and the yen strengthened against the dollar.
The closing price of the New York Stock Exchange Dow Average stock price on the 28th was $26,379, 28 cents, which is $205,49 lower than the previous day.
In addition, the stock index of Nasdaq, which has many IT-related stocks, also dropped.
In the market, concerns over the future of the economy persisted due to the spread of new coronavirus infections and the intensifying conflict between the United States and China. In addition to IT-related issues, prices of McDonald's, which announced a significant decrease in earnings, dropped.
Also, the yen appreciated in the foreign exchange market.
The New York foreign exchange market's yen exchange rate is temporarily at 104.96 yen for the first time in four and a half months.
The yen, which is relatively safe, was bought, but the dollar continued to be sold to major currencies. Did.
Market participants say, “The view that the ruling and opposition talks on the new economic measures, which have been attracting attention, may be difficult, has put a heavy weight on the market.”