NY stock market Dow average stock price drastic drop over $600 September 9 5:57
In the New York Stock Market on the 8th, Dow's average stock price dropped significantly above $600 as IT-related stocks continued to decline.
In addition, the stock index of Nasdaq, which has many IT stocks, has recorded a sharp drop of more than 4%.
The closing price of the New York Stock Exchange Dow Average stock price on the 8th, which closed after a series of holidays, was 27,500 dollars and 89 cents, which is $632.42 lower than last weekend, as Monday was a holiday.
The price drop has continued for 3 consecutive days.
In the New York market, IT-related stocks that have been pulling the market have been attracting sales orders since the middle of last week, and the drop rate of the stock index of Nasdaq, which has many such stocks, has exceeded 4% compared to last weekend.
This means that the Nasdaq index has fallen by more than 10% in 3 days from the highest price we set on the 2nd of this month.
By individual stock, Apple was down 6.7%, Microsoft was down 5.4%, Amazon, Facebook and Google were around 4% cheaper, all of which fell sharply since last weekend.
A market official said, "The Nasdaq market may continue its downward trend for a while. The US parliament is not adjusting the additional economic measures in response to the new coronavirus, and the oil price is falling. It became a weight."