Inflation concerns have eased somewhat as the New York Stock Exchange on the 19th has stopped rising international crude oil futures prices for the time being, and the Dow Jones Industrial Average has risen by nearly $ 500. ..
In the New York crude oil market on the 19th, the futures price of WTI, which is an international indicator of crude oil prices, temporarily dropped to the $ 102 level per barrel.
In response to the IMF = International Monetary Fund's downward revision of its global economic growth outlook, the spread of the new coronavirus in Shanghai, China, and strict restrictions on going out. The background is that there is widespread belief that demand for crude oil will decline.
WTI futures prices temporarily rose to the $ 109 level per barrel on the 18th due to concerns over supply shortages.
Inflation concerns have eased somewhat in the New York Stock Exchange, with more buy orders and the Dow Jones Industrial Average temporarily rising significantly above $ 500.
The closing price was $ 34,911,20 cents, which was $ 499,51 higher than the previous day.
The Nasdaq stock index, which has many IT-related stocks, rose sharply by 2.1%.
Market officials said, "There has been a move to buy back stocks that have been sold recently. For the time being, energy prices are likely to influence stock price trends."