In the New York stock market on the 1st, the Dow Industrial Average made by major companies fell sharply due to the worsening business sentiment of the US manufacturing industry. The transaction closed at $ 26,573.04, $ 343.79 (1.28%) lower than the previous day, for the first time in a month. The overall index of the Nasdaq market with many high-tech stocks also dropped significantly, closing at 7908.68, 90.66 points (1.13%) lower.
The US Supply Management Association (ISM), an index representing the business sentiment of the US manufacturing industry, fell below market expectations for the first time in 10 years. Concerns were growing that the slowdown in the US manufacturing industry, triggered by the US-China trade friction, could have a negative impact on the overall US economy.
In the Dow average constituent stocks, manufacturers such as Dow Chemical, 3M and Caterpillar fell significantly by more than 3%.
President Trump claimed in a tweet that the dollar hit by the US Federal Reserve (FRB) monetary policy hit the manufacturing industry, saying, “Our worst enemy. Accused. (New York = Takashi Jiang)
