(Photo = Getty Image Bank)
Last night, the New York Stock Market fell due to uncertainties in the US government and concerns over technology companies regulation.
On the 11th (local time) on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average closed at 31,008.69, down 89.28 points (0.29%) from the battlefield.
The Standard & Poor’s (S&P) 500 index closed at 3799.61, down 25.07 points (0.66%) from the battlefield, and the Nasdaq index closed at 13,036.43, down 165.54 points (1.25%).
The Democratic Party has initiated a bill of impeachment proceedings against President Trump with less than a few days left in office. This week, the House of Representatives is expected to enforce a vote on the impeachment bill.
The outlook that President Trump’s supporters’ occupation of Congress last week could trigger tightening of regulations on large tech companies also pressured related companies’ stock prices.
Seo Sang-young, a researcher at Kiwoom Securities, said, “As bitcoin once plunged by more than 20%, the desire to realize profits increased, leading to a decline in technology stocks.” I did,” he explained.
On this day, Nio surged 6.42% thanks to the announcement of a new sedan at Nioday. On the other hand, Tesla plunged 7.82% as the possibility of intensifying competition increased.
Big tech stocks such as Apple (-2.32%) and Amazon (-2.15%), software such as Salesforce (-1.71%), Quantumscape (-6.43%), and Zoom Video (-3.40%) were hot last year. In the aftermath of the coin plunge, the profit-taking sale was opened and it fell.
AMD rose 2.82% on news that it will use TSMC’s 7nm process technology to speed up the market. Semiconductor equipment sectors such as Ram Research (2.96%) and AMAT (2.51%) also showed strong strength.
Eunji Cha, reporter Hankyung.com [email protected]
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