Technologists who were depressed have risen again … NASDAQ 2.0% ↑

On 11 (local time), the “seen market” continued in the New York stock market, where business cycle and tech stocks decoupled.

The business cycle, which had been relatively good for two days up until the previous day, fell on this day. On the other hand, the tech stocks leading the NASDAQ have shown a rebound. It is very likely that the decoupling (decoupling) between the Dow Jones 30 Industrial Average and the Nasdaq index will continue.

The Dow Index closed at 29,397.63, down 0.08% from the previous trading day. The Standard & Poor’s (S&P) 500 Index rose 0.77% to 3,572.66, while the Nasdaq Index rose 2.01% to 11,786.43. The Chicago Options Exchange (CBOE) Volatility Index (VIX), the “Wall Street Fear Index”, posted 23.45, down 5.44% from the previous trading day.

Representative tech stocks leading the NASDAQ posted an uptrend in two days. Stocks that had a relatively large decline in news of Pfizer’s success in vaccine development showed a technological rebound in the assessment that the decline was too great.

In particular, the recovery of the companies that benefited from “Zipcock” was remarkable. Zoom, a video conferencing app company, fell sharply for two days, then rose 9.93% this day, partially offsetting this week’s decline. Etsy (9.34%) and Amazon (3.37%) rose above the NASDAQ average.

On the other hand, business cycle stocks such as Delta Airlines (-5.45%), United Airlines (-3.85%), Boeing (-3.47%) and Carnival (-3.11%) recorded a sharp decline in the day.

After the presidential elections, the mayor is giving a more sensitive response to the spread of the Corona 19 situation than to political issues.

The number of confirmed crown 19 cases in the United States continues to grow record. According to the New York Times, the number of confirmed patients on 10 was 139,855, a 69% increase over the two-week average. There have also been reports that they surpassed 200,000 people in 24 hours. As a result, the blocking of each state starts over.

In fact, New York State reintroduced the curfew. New York Governor Andrew Cuomo has announced that he will limit the number of private indoor meetings to 10 people from the 13th and will close bars, restaurants and gyms after 10pm. In New York City, more than 1,000 confirmed cases a day are pouring in again.

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