NY Stock Market The Dow Jones Industrial Average Drops Over $ 400 at the Beginning of the Week, October 20, 5:38

The New York stock market on the 19th of the week was worried about the future of the economy, and the Dow Jones Industrial Average fell sharply by more than $ 400.

The Dow Jones Industrial Average closed on the 19th at $ 28,195,42, down $ 410.89 from last weekend.



While expectations for additional economic measures to respond to the spread of the new coronavirus infection are deep-rooted, on this day, the Trump administration and the opposition / Democratic Party have not been coordinated, and concerns about the future of the economy have increased and the transaction has ended. The price has dropped significantly.



In addition, the stock index of NASDAQ, which has many IT-related stocks, also fell, which fell for the fifth consecutive day.



Market officials said, "Along with the poor coordination of the ruling and opposition parties over economic measures, the spread of the new virus infection again has led to uncertainty about the future."