NY Stock Market Significantly Rises to Recovering $29,000 6:18 on September 3
The New York Stock Market on the 2nd rose sharply due to expectations of the economic outlook, and the Dow average stock price recovered to $29,000 before the stock price plunged due to the spread of the new coronavirus.
The closing price of the New York Stock Market Dow Average stock price on the 2nd was $29,100,50, higher than the previous day by $454.84.
The daily price increase is the largest since July 14th.
The recovery of $29,000 was made before February 21, before the stock price plunged due to the spread of the new coronavirus.
On this day, there were buy orders for a wide range of stocks due to expectations of the economic outlook, and 28 of the 30 constituent Dow stock prices rose.
On the other hand, the stock index of Nasdaq, which has many IT-related stocks, has reached the highest level for 4 consecutive days, and the S&P 500 calculated using the stock prices of major 500 companies for 2 consecutive days.
"In addition to the feeling that monetary easing will continue for a long time, expectations of additional economic measures to deal with the new virus, which is being discussed in the US Congress, have also led to buy orders," a market official said.