Concerns about the corona epidemic continue, including the increase in hospitalized patients in the US
The New York Stock Market plunged in the first chapter of the new year as fears of the virus pandemic continued, including the number of hospitalized patients in the US due to Corona 19 recorded a record high.
On the 4th (hereafter local time), the Dow Jones Industrial Average of the US New York Stock Market closed at 3,223.89, down 382.59p (1.25%) from the closing price of the previous trading day.
The Standard & Poor’s (S&P) 500 index fell 55.42p (1.48%) to 3700.65, while the Nasdaq composite index fell 189.84p (1.47%) to 12,698.45.
The major indexes of the New York Stock Market, which ended 2020 at an all-time high, plunged all at once on the first trading day of the new year.
The Wall Street Journal reported that on the first trading day of this year, U.S. stock prices plummeted, sharply retreating from the record set just a few days ago, and investors are starting the new year with the same issue that dominated the market for most of 2020, the coronavirus pandemic.
The media wrote that many believe economic activity will recover later this year as more people get vaccinated and businesses can reopen, but they acknowledge that the road to recovery will be long and uneven.
Meanwhile, news about the coronavirus pandemic has been grim in recent days, saying that the number of hospitalized patients in the United States hit a record high on Sunday, and governments across Europe are extending containment to slow the spread of the virus.
Stock markets in major European countries closed higher. The UK London Stock Exchange FTSE 100 index closed at 6571.88, up 1.72% from the previous trading day’s closing price, and the French Paris Stock Exchange CAC 40 index rose 0.68% to 5588.96.
Germany’s Frankfurt stock market DAX index rose 0.06% to 13,726.74, while the pan-European index Euro Stoxx 50 index closed at 3564.39, up 0.33%.
International oil prices fell and gold prices rose. On the same day, the New York Commercial Exchange for February delivery of West Texas crude oil (WTI) finished trading at $47.62, down 0.90 (1.9%) from the closing price on the previous trading day, and the New York Merchandise Exchange for February delivery was $51.50 per ounce (2.7%) It closed at $1946.60, right.
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