The Dow Jones Industrial Average was the highest for the second straight business day as buy orders increased as the New York stock market on the 25th of the week saw some relief from concerns that prolonged inflation would slow the economy following strong corporate performance. Updated the value.
The Dow Jones Industrial Average on the New York Stock Exchange on the 25th hit a record high of $ 35,741 and 15 cents, up $ 64,13 from last weekend for the second consecutive business day.
Buy orders have increased as concerns about prolonged inflation due to high oil prices and disruption of the supply network have eased some of the concerns that the economy will slow down as the company's earnings announcement, which has been in full swing recently, has been favorable. I did.
The Nasdaq stock index, which has many IT-related stocks, also rose as the stock price of electric car maker Tesla rose and the market capitalization exceeded $ 1 trillion for the first time.
Market officials said, "The view that there are signs of'stagflation'in the US economy, where the US economy is slowing down and prices are rising at the same time due to strong corporate performance, has receded somewhat, and the sense of security is spreading. Is gathering in the performance of a giant IT company whose financial results are scheduled to be announced this week. "