The New York stock market on the 5th saw an increase in buy orders due to expectations for the effect of oral medicine to improve the employment situation in the United States and suppress the growth of the new coronavirus, and the Dow Jones Industrial Average reached its highest level for the first time in two business days. Has been updated.
The closing price of the Dow Jones Industrial Average on the New York stock market on the 5th reached a record high of 36,327.95 cents, which is 203.72 cents higher than the previous day, for the first time in two business days.
Last month's employment statistics for the United States released today show that non-agricultural employment growth has exceeded market expectations, and that pharmaceutical giant Pfizer is taking a drug to curb the growth of the new coronavirus under development. Due to the expectation that the effect of the virus was announced, the number of buy orders increased mainly for brands related to the tourism industry.
The Nasdaq stock index, which has many IT-related stocks, also rose, hitting a new high for the seventh consecutive business day.
In the bond market, US government bonds were bought and long-term interest rates were set for one month, as the Fed, the central bank of the United States, was less wary of raising interest rates early. It dropped to the 1.4% level for the first time.
Market officials said, "Many investors placed buy orders in the hope that the US economy would continue to recover. The recent rise in long-term interest rates was also a relief."