New York Stock Market Dow Jones Industrial Average Drops $ 940 Significantly October 29, 5:25
The Dow Jones Industrial Average fell sharply by $ 940 on the 28th as the new coronavirus infection spread again in Europe.
In the United States, the spread of infection continues, and there is growing concern that the market will have a serious impact on the economic recovery.
The closing price of the Dow Jones Industrial Average on the 28th was $ 26,519,95, which is $ 943,24 lower than the previous day.
The rate of price decline was as large as 3.4%, breaking below the milestone of $ 27,000 for the first time in almost a month.
The spread of the new virus has become more serious in Europe, Germany and France have decided to restrict economic activities one after another, and the number of infected people is increasing in the United States. There is growing concern that the expansion will have a serious impact on the economic recovery.
This means that the Dow Jones Industrial Average has fallen by more than $ 1800 in the last three days of the week.
Market officials said, "Because the presidential election is just around the corner, there is a tendency for the movement to avoid risks to become stronger for the time being."