NY Stock Market Drops Significantly Postponed Additional Economic Measures for New Corona October 7, 5:36
US President Donald Trump said on the 6th that he would postpone the formulation of additional economic measures to deal with the new coronavirus, which is being discussed by the ruling and opposition parties, until after the presidential election next month.
As a result, the New York stock market on the 6th became more uncertain about the future of the economy, and stock prices fell sharply.
The closing price of the Dow Jones Industrial Average on the 6th was $ 27,772,76, which is $ 375.88 lower than the previous day.
The Nasdaq stock index also fell sharply.
On this day, buy orders were ahead, but when it was reported that President Trump decided to postpone additional economic measures in response to the spread of the new virus, uncertainty about the future of the economy became stronger and the price dropped at a stretch. Turned to.
President Trump said in a Twitter post on the ruling and opposition party talks over economic measures, "I instructed to stop this negotiation until the end of the presidential election I win. It will be held after the election. The federal Supreme Court of my choice. I decided to concentrate on the congressional approval of the candidate for the matter. "
Market officials said, "Despite the fact that the'importance of fiscal mobilization'to support the economy has been pointed out, President Trump has given top priority to the parliamentary approval of the federal Supreme Court, which is in sharp conflict with the ruling and opposition parties. That made me feel more disappointed. "