Home » today » Business » New York Stock Market creaked from New Year’s departure… Dow 1.3%↓, the biggest drop in two months

New York Stock Market creaked from New Year’s departure… Dow 1.3%↓, the biggest drop in two months

S&P500·Nasdaq 1.5%↓… Georgia Senate election, corona worsening concerns

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A trader on the New York Stock Exchange

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(New York = Yonhap News) Correspondent Kang Gun-taek = The US New York Stock Market made a downtrend amid concerns about the new coronavirus infection (Corona 19) and the final vote of the Georgia federal senator on the 4th (local time), the first trading day of the new year.

On that day, the Dow Jones 30 Industrial Average of the New York Stock Market closed at 30,223.89, down 382.59 points (1.25%) from the battlefield.

At one time during the week, the 30,000 line collapsed after a sharp drop of more than 700 points, but in the afternoon, the fall was greatly reduced.

The Standard & Poor’s (S&P) 500 index fell 55.42 points (1.48%) to 3,700.65, while the technology stock-oriented NASDAQ index fell 189.84 points (1.47%) to 12,698.45.

According to Marketwatch, the Dow and S&P 500 indexes showed the largest decline since October 28 last year.

The year-end rally, when the three indexes recently reached a record high side by side, seems to be staggering on the first day of the year.

Investors showed a wait-and-seek as they watched the US Senate vote one day ahead.

In this election, if the Democratic Party sweeps two seats in Georgia, both the Senate and the House of Representatives are expected to rise to the majority party and actively support Joe Biden’s progressive policy commitments, including tax increases.

John Stoltzpurs, Oppenheimer’s Chief Investment Officer of Asset Management, announced today that if both Democratic candidates win, the S&P 500 index could fall by 10%.

In addition, the deterioration of the global corona19 crisis, such as the UK entering into a third blockade to deter Corona 19 and breaking the record of the most inpatients in the United States every day, also froze investment sentiment.

Billionaire investor Carl Icahn appeared on CNBC on the same day and said, “There was an unstoppable rally with many stocks that were priced incorrectly. Eventually, we will hit the wall and enter into a painful and large adjustment.” Looked out.

However, as the unprecedented easing fiscal and monetary policy continues to be unfolded and the Corona 19 vaccine will soon become available to the general public, there is also a prospect that the New Year’s stock market will continue to rise after a temporary adjustment.

The share price of Tesla, an electric car company that soared more than 700% last year, also rose 3.4% to a new height. In the fourth quarter of last year, when it was announced that it had set a record for shipments, its market capitalization also exceeded 700 billion dollars during the day.

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