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The Dow continued to fall today. The latest plummets by more than 800 points amid concerns about the number of people infected with the COVID-19 virus. Rising in the US Including uncertainty about new economic stimulus measures.
The market has also been affected by the release of lower figures for new home sales in September. Analyst Forecast
At 12.04 pm, the Dow Jones Industrial Average stood at 27,521.29, minus 814.28 points or 2.87%.
More than 83,000 new cases of COVID-19 were found in the United States on Friday and Saturday, according to Johns Hopkins University. Especially on Friday, 83,700 new cases of the infection were found, a record. Than in the middle of July. That at that time there were approximately 77,300 new cases of the infection.
Additionally, calculations by the CNBC news agency found that in the past seven days, the United States has had cases of COVID-19. With an average of 68,767 new a day, a record. And 22% more than the previous 7 days
The United States is now No. 1 in the world in terms of COVID-19 cases. And the deceased More than 8.8 million people were infected and more than 230,000 died.
The figure worries experts that the situation will worsen in the winter. Dr. Scott Lieb, former president of the United States Food and Drug Administration (FDA), has warned that the United States will face a serious epidemic of the COVID-19 virus. Starting this week
However, President Donald. Trump tweeted today that the US media was conspiring to spread fake news about the COVID-19 epidemic.
President Trump stated that the growing number of infected people in the United States is due to the fact that authorities have tested a large population for the infection.
President Trump also claimed that young adults had a 99.9 percent cure rate from COVID-19.
At the same time, investors were concerned about the uncertainty about the US economic stimulus package, and House Speaker Nancy Pelosi said there was still the possibility that corrective measures could be launched from the impact. . From COVID-19 However, before the November 3 US presidential election, it depends on the actions of President Donald Trump, including talks with Republican senators.
President Trump and Finance Minister Steven Mnuchin responded that Pelosi had to compromise for the measure to pass. The two sides still have major conflicts, including state subsidies. Affected by the COVID-19 epidemic Including solving corporate debt problems
On the Goldman Sachs side he predicted that. The United States Congress will not be able to enact US stimulus laws before the November 3 presidential election.
“Many of the important problems have not been solved. Making the deal unlikely, “Goldman Sachs economist Alex Phillips said in the report.
“Right now, the two sides still have very different opinions. And time is less. As a result, Mr. Pelosi and Mr. Manuchin could not reach an agreement before the elections. And even if they both reached an agreement, it is almost impossible for Congress to pass a stimulus before the elections, ”the report says.
The United States Department of Commerce reported. New home sales fell 3.5% to 959,000 units in September. Contrary to analysts’ expectations, sales increased 2.8% to 1,025 million units.
At the same time, the Commerce Ministry cut new home sales in August to 994,000 units from the 1.011 million units previously reported.
