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New York Stock Exchange on Wall Street in Manhattan, New York. New York = Correspondent Cho Jae-gil
On the New York Stock Exchange, the leading index fell after a market volatility, watching if the US stimulus package increased.
On the 29th (hereafter Eastern Time), the Dow Jones 30 Industrial Average on the New York Stock Exchange (NYSE) closed at 30,335.67, 68.30 points (0.22%) less than the field of battle.
The Standard & Poor’s (S&P) 500 Index closed at 3,727.04, down 8.32 points (0.22%) from the battlefield, while the NASDAQ index oriented to tech stocks closed at 12,850.22, a decrease of 49.20 points (0.38%).
All three indices hit all-time highs at the beginning of the market, but then declined due to increased level loading.
The market watched the rise of US stimulus measures and the spread of the new coronavirus infection (Corona 19).
A sense of relief was formed when US President Donald Trump signed an approximately $ 900 billion stimulus to Corona 19’s response.
It is expected to somewhat alleviate the impact of the economy caused by the reproliferation of Corona 19 in winter.
Investors are looking to see if the scale of the stimulus package could be larger.
The House of Representatives passed a bill that would increase the amount of cash payments to Americans as a stimulus from $ 600 per person to $ 2,000.
The Democratic-led House of Representatives responded to President Trump’s call for increased cash payments.
It’s unclear whether the bill will pass the Republican-led Senate.
Republicans are said to be largely negative about increasing cash payments.
Republican Senate Mitch McConnell rejected a proposal by Democratic Senate Chuck Schumer to speed up the approval process for the increase in the cash bill.
However, some lawmakers, including two Georgian senators who are voting in favor of the second round, argued in favor of approving the $ 2,000 bill for payment.
President Trump also tweeted again that he must approve the $ 2,000 cash payment plan after McConal rejected Schumer’s proposal.
Investors hope that if the cash payment increase plan is approved, it will be a kind of “bonus” in the stock market.
News of McConal’s rejection of the accelerated Democratic Party offer, the leading index was once in the midst of a decline.
The fact that the uncertainty factors in the global financial market at the end of the year have been reduced, such as the conclusion of future negotiations of relations such as the trade agreements between the United Kingdom and the European Union (EU), is a factor that supports investor sentiment.
It is also a positive variable that the news that the Corona 19 vaccine jointly developed by AstraZeneca and the University of Oxford could soon be approved in the UK.
However, it was also argued that the European Union would have difficulty approving the vaccine in January.
The current Corona 19 status remains a burdensome factor, and the spread of mutant viruses in the UK is confirmed in countries around the world.
The spread of the mutant virus has further strengthened measures to restrict the movement of countries.
In the US, the average number of confirmed corona 19 cases per day for the past week is 184,000, and it’s still marching high.
The number of patients hospitalized by Corona 19 exceeds 120,000, registering a daily maximum.
For shares that day, Intel’s share price soared more than 4.9%.
The fact that hedge fund Third Point sent a letter urging Intel to come up with a strategic alternative caused the share price to rise.
By industry, industrial stocks fell 0.67% and technology stocks fell 0.52%.
The US economic indicators released today were good.
According to the S&P Core Logic Case-Sealer, the US House Price Index in October rose 1.4% from the previous month.
Compared to the previous year, it was up 8.4%.
The rate of increase compared to the previous year was the highest since March 2014.
New York stock market experts assessed that positive investment sentiment remained despite the worsening situation for Corona 19.
Robeko CEO Xeron Blockland, in charge of multiple assets, said: “Containment measures, the spread of Corona 19 and the mutant virus are appearing in combination” and “However, investors are still focusing on the positive news. “
On the Chicago Options Exchange (CBOE), the volatility index (VIX) registered 23.08, 6.36% more than the previous trading day.
/ yunhap news
