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(New York = Yonhap News) Correspondent Oh Jin-woo by Yonhap Infomax = In the New York stock market, the main index fell due to concerns about the continuing deterioration of the new coronavirus infection situation (Corona 19).
On the 12th (hereafter Eastern time), the Dow Jones 30 Industrial Average on the New York Stock Exchange (NYSE) closed at 29,080.17, down 317.46 points (1.08%) from the battlefield.
The Standard & Poor’s (S&P) 500 index closed at 3,537.01, down 35.65 points (1.00%) from the battlefield, and the tech-oriented Nasdaq index closed at 11,709.59 , down 76.84 points (0.65%).
The market was waiting for containment measures and important economic indicators following the spread of Corona 19.
The investment sentiment, which ignited with the anticipation of the imminent development of the vaccine, receded in the situation of Corona 19, which was deteriorating slightly.
According to CNBC, the number of new confirmed cases in the United States one day the previous day exceeded 140,000 and hit a record high. The number of patients admitted to Corona 19 recently passed its peak last spring.
Areas are also emerging to strengthen containment measures.
New York and San Francisco have already tightened the lockdown and that day Chicago issued a 30-day “ home evacuation ” recommendation to citizens.
Dr Michael Osterholm, Covid-19 adviser to US President-elect Joe Biden, also expressed the view that a four- to six-week national lockdown could help contain the virus and put the economy on track.
Even if the Corona 19 vaccine is developed sooner or later, it is difficult to resolve the immediate crisis as it takes a long time for universal vaccination.
Federal Reserve (Fed) chairman Jerome Powell expressed concern about the recent Corona 19 situation, which also cooled investment sentiment.
“It is too early to assess with confidence the impact of news (about vaccines) on the economic path, especially in the short term,” Powell said. “As the virus spreads, the next few months could be tough.”
However, positive news related to the Corona 19 vaccine may come out constantly.
With vaccines from Pfizer and Bioentech showing excellent preventive effects, Modena will soon publish the results of an interim analysis of the third clinical trial.
Modena announced that it had reached the clinical results analysis phase the day before and the results should be published within a few days.
The US unemployment indicator released that day was good, but it did not offset the burden of the crown19.
The Ministry of Labor announced last week that the number of unemployment compensation claims fell from 48,000 to 79,000 (seasonal adjustment). This is the lowest level since the March pandemic.
It was less than the estimated 740,000 people compiled by the Wall Street Journal.
This means that the labor market has maintained a favorable rather than worrying recovery trend.
On the other hand, the inflation index was lower than expected.
The Ministry of Labor announced that the consumer price index (CPI) for October remained unchanged from the previous month. It is the lowest level since May fell 0.1% from the previous month. It was not below the 0.1% increase in the market forecast.
Excluding highly volatile food and energy, the CP source also remained unchanged from the previous month. It was 0.2% lower than the market forecast.
Meanwhile, the disagreements between Democrats and Republicans on the new stimulus measures are still confirmed.
US House Speaker Nancy Pelosi (Democratic Party) recently said a massive stimulus plan of over $ 2 trillion is needed when looking at the Crown 19 situation, but Republican Senate Representative Mitch McConnell said: ” This is not what we want. ” .
According to the industry on this day, while all industries are down, energy is down 3.39%. The materials sector also fell 2.17%.
New York stock market experts expressed concern over Corona 19’s strong spread.
Sebastian McKay, Invesco’s multi-asset fund manager, said: “People are realizing the reality of how long it will take to launch a vaccine.” .
“The trend of the economic recovery is starting to look like a double decline,” he added.
On the Chicago Options Exchange (CBOE), the volatility index (VIX) was 25.35, up 8.1% from the previous trading day.
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2020/11/13 06:45 sent
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