NY Stock Market Dow Average Stock Price Rise August 28, 5:43 on Fed Chairman's Speech
On the 27th, the New York stock market received a sell order ahead of the view that the current large-scale monetary easing will continue for the time being, after receiving a speech from Chairman Powell of the Federal Reserve Board, which is the central bank of the United States. The stock price has gone up.
The closing price of the New York Stock Exchange Dow Average stock price on the 27th was 28,492 dollars and 27 cents, which is 160 dollars and 35 cents higher than the previous day.
In a speech given before the start of the deal, the Fed Chairman Powell indicated that he would flexibly manage the Fed's policy target of 2% inflation and continue large-scale monetary easing until the economy surely improves. As a result, a sense of security spread among investors, and a wide range of buy orders were placed.
As for individual brands, major retailer Wal-Mart, which has newly added to the acquisition of the American business of the video sharing application "TikTok", has greatly increased its price.
Market participants said, “The Fed, which aims to eliminate inflation and maximize employment, has announced a policy of putting more emphasis on employment, resulting in continued monetary easing and investment. As a home, it's easier to take risks.”