The Dow Jones Industrial Average on the New York stock market on the 27th was perceived as being within expectations of Chairman Powell's speech on reducing the scale of quantitative easing by the Federal Reserve Board of Governors, the central bank of the United States. The price has risen by over $ 200.
The closing price of the Dow Jones Industrial Average on the New York Stock Market on the 27th was $ 35,455,80, up $ 242.68 from the previous day.
It was taken as expected that the Fed's speech by Chairman Powell on that day showed the idea that it would be appropriate to start reducing the scale of quantitative easing, called tapering, by the end of the year. A sense of security has spread, and buy orders have been placed for a wide range of brands.
In addition, the Nasdaq stock index, which has many IT-related stocks, also rose to a new high for the first time in two business days.
Market officials said, "It was perceived as within expectations because Chair Powell did not specifically mention the possibility of deciding to start reducing the scale of quantitative easing at the monetary policy meeting next month. Investors were also reassured that the tapering policy did not lead to a faster release of the zero interest rate policy. "