New York Stock Exchange Georgia Elections and Lockdown Charges … Dow 125 Decline Closing



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On the New York Stock Exchange, the leading index fell due to uncertainty in the second round of the United States Senate for Georgia and the burden of tightening lockdown measures in major countries.

On the 4th (Eastern Time), the Dow Jones 30 Industrial Average on the New York Stock Exchange (NYSE) closed at 30,223.89, a drop of 382.59 points (1.25%) from the battlefield.

The Standard & Poor’s (S&P) 500 Index closed at 3,700.65, down 55.42 points (1.48%) from the battlefield, and the NASDAQ index oriented to tech stocks closed at 12,698.45, a decline. of 189.84 points (1.47%).

The mayor watched the spread of the new coronavirus infection (Corona 19), the country’s containment policies in response, and the Georgia runoff held the next day.

The main index rose brilliantly at the start of the market on the expectation that the economy will recover quickly this year with the spread of the Corona 19 vaccine.

The Dow and S&P 500 indices recovered their all-time highs.

However, the indices fell sharply as bad news also emerged, including reports related to the strengthening of lockdown measures by Germany and Britain.

The Dow Jones fell more than 700 points at a time during the day.

Germany is known to extend the national blockade, originally scheduled until the 10th, until the end of this month.

In Britain, Prime Minister Boris Johnson announced the reintroduction of blockades throughout the region in a public speech.

In mid-February, not only non-essential stores will be closed, but also schools at all levels.

As the Corona 19 situation worsens, including the spread of the mutant virus, each country’s lockdown measures have been further strengthened.

In the United States, the situation is still not good, with the number of patients hospitalized for Corona 19 over the weekend again.

The vaccines developed by Pfizer and Modena began to be vaccinated around the world since late last year, but some point out that the vaccination rate was slower than expected.

Consequently, various attempts to speed up are underway, such as the US government which is reviewing a plan to increase the number of vaccinations by reducing the dose of modder or vaccine to half the dose.

US officials explained that half the dose of modder or vaccine showed similar preventive effects.

Tensions over the final vote for the United States Senate in Georgia are also tense.

If the Democratic Party triumphs over this election, in which two legislators are elected, the so-called ‘Blue Wave’ that governs up to the Senate is completed.

In this case, the burden of tightening regulations and tax increases may increase again.

On the other hand, if the Republican Party has at least one seat, it can continue to dominate in the Senate.

Georgia is classified as a traditional Republican garden, but in the last presidential election, President-elect Joe Biden won by chance.

In this latest poll, the two party candidates are Park Bing-in.

By shares on the day, Tesla’s share price increased by about 3.4%, showing a good performance.

This was due to the fact that vehicle delivery in the fourth quarter of last year exceeded market expectations.

Modena was also up 7%.

The discussion on how to halve the Corona 19 vaccine inoculation dose is interpreted as positive.

By industry, all sectors fell, except energy, which rose 0.13%.

Industrial shares fell 2.55%, technology shares fell 1.79%.

The economic indicators published that day were mixed.

According to information provider IHS Markit, the ending value (seasonally adjusted) of the US Manufacturing Purchasing Managers Index (PMI) in December was 57.1, up from the prior month ending value of 56, 7.

It was the highest since September 2014.

It also beat the previously announced preliminary value of 56.5.

The US Department of Commerce announced that construction spending in November was estimated at $ 1.45 trillion (seasonally adjusted), 0.9% more than the previous year.

It did not achieve a 1.1% increase compared to the previous report, the Wall Street Journal expert poll.

New York stock market experts diagnosed that the stock market could be volatile depending on the outcome of the Georgia state elections.

Oppenheimer’s chief investment strategist John Stoltzpus warned: “If all Democratic candidates win Georgia’s runoff, the S&P 500 could drop 10%.”

He noted that both investors and Wall Street entrepreneurs are concerned that if the Democratic Party takes over the Senate, it will be a bad sign for businesses due to potential corporate tax increases.

On the Chicago Options Exchange (CBOE), the volatility index (VIX) was up 18.55% from the previous trading day to 26.97.

/ yunhap news

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