The New York Stock Exchange on the 23rd saw Dow Jones Industrial Average fall by more than $ 400 as sell orders increased due to concerns about accelerating inflation following rising international crude oil futures prices.

In the New York crude oil market on the 23rd, concerns about the supply of crude oil increased, and the futures price of WTI, which is an international indicator of crude oil prices, temporarily rose to the $ 115 level per barrel.



As a result, the New York Stock Exchange saw more sell orders due to concerns about accelerating inflation, and the Dow Jones Industrial Average closed at $ 34,358.50, down $ 448.96 from the previous day.



The Nasdaq stock index, which has many IT-related stocks, also fell 1.3%.



Market officials said, "The decline in crude oil inventories in the United States and the fact that crude oil exports from the pipeline connecting Russia and Kazakhstan have been stagnant due to bad weather have heightened concerns about the supply of crude oil. There is a deep-rooted concern about inflation among investors, and the situation continues to be nervous about the rise in crude oil prices against the backdrop of the situation in Ukraine. "