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New York Stock Market Completed The Day With Losses Of More Than 2 Percent
Indices in the New York stock market completed the day with losses of more than 2 percent.
Yazar: Tom Roberts
Yayınlanma: 4 Eylül 2020 17:21
Güncellenme: 5 Kasım 2024 19:22
New York Stock Market Completed The Day With Losses Of More Than 2 Percent
Indices in the New York stock market completed the day with losses of more than 2 percent. At the close, the Dow Jones index fell more than 800 points and fell 2.78 percent to 28,292 points. The S&P 500 index fell 3.46 percent to 3,456.79 points, and the Nasdaq index fell 4.96 percent to 11,458.10 points. The sharp fall in the indices was driven by the sales in technology stocks. While the shares of Apple, one of the US technology giants, lost 8 percent, Microsoft fell 6.2 percent, Alphabet 5.1 percent, Netflix 4.9 percent, Amazon 4.6 percent and Facebook 3.7 percent. The stalemate in the negotiations for the stimulus package, which is planned to be implemented within the scope of the tension between the USA and China and the economic effects of the new type of coronavirus (Covid-19) epidemic, were other factors that were effective in the decrease in the indexes. On the macroeconomic side, according to the data released today in the USA, the number of applicants for unemployment benefits for the first time fell more than expected in the week ending August 29, dropping to 881 thousand. The foreign trade deficit in the country increased by 18.9 percent compared to the previous month in July, reaching the highest level in 12 years with 63.6 billion dollars. The Institute for Supply Management (ISM) non-manufacturing index also declined by 1.2 points month on month to 56.9 in August. The market expectation for the data indicating the slowdown in service sector activities was to realize at the level of 57.İLGİLİ HABERLER
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