In the New York stock market on the 25th, the Dow Jones Industrial Average temporarily dropped by more than $ 800 due to concerns about the outcome of the meeting of the Federal Reserve Board, the central bank of the United States, to decide monetary policy. However, after that, the price returned significantly and fluctuated following the previous day.
The New York Stock Exchange on the 25th saw a swelling of sell orders immediately after the start of the transaction, and the Dow Jones Industrial Average temporarily dropped by more than $ 800.
The background is that the Fed's monetary policy meeting, which is held from the 25th to the 26th, is becoming more cautious about accelerating the pace of monetary tightening.
However, after that, the repurchase movement became stronger and the price returned significantly, and at one point it turned to a volatile price, and the closing price was 66.77 cents lower than the previous day, a slight drop of 34,297.73 cents. ..
The Dow Jones Industrial Average fell sharply by more than $ 1,100 the day before, and then returned sharply.
The Nasdaq stock index, which has many IT-related stocks, fell sharply by 2.2%.
Market officials said, "The range of price declines has narrowed due to the strong performance of the major credit card companies that announced their financial results on this day. There is a slowdown in economic recovery and a persistent sense of caution about the situation in Ukraine, and for the time being the focus is on the outcome of the Fed's meeting. "