NY Stock Market Recovers 29,000 Dollars September 3 at 6:18 AM
New York’s stock market rose sharply on Wednesday from expectations for the outlook for the economy, and the Dow stock market recovered to 29,000 dollars before stock prices plunged due to the spread of the new coronavirus.
On the second day, the New York Stock Exchange Dow closed at 29,100.50 cents, 454 cents higher than the previous day.
The price increase of the day is the size since July 14th.
It was also the first time since February 21 that stock prices had plummeted as a result of the spread of the new coronavirus.
On this day, buy orders were placed on a wide range of stocks due to expectations for the outlook for the economy, and the Dow Rose by 28 out of 30 companies.
On the other hand, the Nasdaq stock index, which has a large number of IT-related stocks, has been at a record high for the fourth consecutive day, and the S&P 500, which is calculated at the stock prices of 500 major companies, has been at a record high for the second consecutive day.
Market participants said, “In addition to the sense of security that monetary easing will continue for a long time, expectations for additional economic measures in response to the new virus, which has been discussed in the U.S. Congress, have led to buy orders.”