NY Stock Market Dow Jones Industrial Average $ 152 Rise October 23, 5:37
In the New York stock market on the 22nd, the Dow Jones Industrial Average rose slightly due to expectations for additional economic measures.
The Dow Jones Industrial Average closed on the 22nd at $ 28,363,66, up $ 152.84 from the previous day.
The move to buy back was preceded by the expectation that the ruling and opposition parties would soon agree on additional economic measures in response to the spread of the new coronavirus infection.
In addition, the stock index of NASDAQ, which has many IT-related stocks, has also risen.
In the financial markets, long-term interest rates continued to rise, with interest rates on 10-year US Treasuries rising to the highest level in four months since early June.
There is a view in the market that if Mr. Biden wins the presidential election, interest rates will rise as it will lead to an increase in the issuance of government bonds, but on this day, the price of financial stocks rose due to the rise in interest rates.