New York Stock Market Recovered $28,000 for the first time in 6 months August 5:22
The New York Stock Market on the 24th day of the week saw a sharp rise in Dow's average share price due to expectations of the economic outlook, regaining $28,000 for the first time in six months.
The closing price of the New York Stock Market Dow Average stock price on the 24th was 28,308.46 cents, which is 378.13 cents higher than last weekend.
The closing price of $28,000 was the first time in half a year since February 21, before the stock price plunged due to the spread of the new coronavirus.
The US economy has announced that the US Food and Drug Administration (FDA) has authorized the emergency use of "healer's plasma," which administers the blood components of a patient who has recovered from the new coronavirus to another patient. The bullish view of the outlook spread, and buy orders were placed for a wide range of issues.
In addition, by closing the high price since February 21, the Dow's average stock price has almost recovered from the sharp drop due to the spread of the new coronavirus.
The NASDAQ stock index has also reached its highest level.
Market officials said, "In addition to rising stock prices of technology-related companies such as Apple and Microsoft, which have been renewing the highest price every day, stocks called economic sensitive stocks were bought on this day, and it increased significantly."