The New York stock market, which was the first deal on the 4th, saw an increase in sell orders due to a sense of caution about the high price, and the Dow Jones Industrial Average temporarily fell by more than $ 700.

The closing price of the Dow Jones Industrial Average on the 4th was $ 32,239, which is $ 382.59 lower than the end of last year.



The rate of price decline has exceeded 1% since November 18, last year.



On the 4th, which was the first transaction, the price hit a new high during the trading time immediately after the start, but after that, the price continued to decline, and at one point the price decline exceeded $ 700 and fell below $ 30,000. There was also a scene.



The Dow Jones Industrial Average hit a record high at the end of the year, but the spread of the new coronavirus did not stop during the year-end and New Year holidays, and there was a sense of caution about the high price, so it was easy to place sell orders to earn immediate profits. It was.



In addition, there is a move to avoid risks ahead of the final vote of the Senate on the 5th, and market officials said, "If the Democratic Party wins and the Democratic Party takes the initiative in the Senate, IT-related companies There are also concerns that the stock price will be negative in the market, as regulations and tax increases on major companies will be tightened, especially in the market. "

Whereabouts of the NY market this year Experts' view is ...

Experts have pointed out that stock prices in the New York market this year will continue to rise as the new coronavirus vaccine becomes more widespread, but it will also pose a risk if overly optimistic views on stock prices spread. Is out.



Michael Arony Chief Strategist of State Street Global Advisors, a major US-based asset manager, expects stock prices in the New York market to rise by as much as 5% to 10%.



In addition to continued large-scale monetary easing, corporate performance is expected to recover due to the spread of the new coronavirus vaccine.



On the other hand, he points out that there is a risk that stock prices will fall in the first half of the year.



"While stock prices are moving near their highests, a few concerns will have a major impact. The spread of the new coronavirus will not stop at the beginning of the year, and countries around the world will once again severely limit economic activity. If that happens, the stock price will adjust, and in the first quarter, on the contrary, a 5% to 10% drop would not be surprising. "



On top of that, Arony points out that if the market continues to overheat at high levels and the situation resembles a bubble, the market's optimistic view of stock prices itself risks falling stock prices.