In the New York stock market on the 19th of the week, the Dow Jones Industrial Average fell for four consecutive business days due to increased sell orders due to concerns about the recession in the US economy due to continued interest rate hikes in Europe and the United States next year.
On the 19th, the Dow Jones Industrial Average closed at $32,757.54, down $162.92 from last weekend.
Next year, interest rate hikes in Europe and the United States will continue, and there is a sense of caution that the US economy will recession.
The Dow Jones Industrial Average has fallen for four consecutive business days since the Federal Reserve Board, which is the central bank on the 14th of this month, raised the outlook for the policy interest rate at the end of next year, and the decline has exceeded $ 1,300 during this time. , the downward trend in stock prices has become clear.
The Nasdaq stock index, which has many IT-related stocks, also fell 1.4%.
A market official said, "Investors are becoming more cautious about the future of the economy next year, and to avoid risks, there is no stopping the movement to issue sell orders for the time being."