The Dow Jones Industrial Average fell by more than $ 300 on the 21st in the New York stock market as sell orders increased due to concerns over accelerating monetary tightening and slowing economic recovery in the United States.
The closing price of the Dow Jones Industrial Average on the New York Stock Exchange on the 21st was $ 34,792,76, down $ 368,3 cents from the previous day.
Prices have been rising since the start of the deal, but Fed Chair Powell of the Federal Reserve will consider raising rates by 0.5% at a meeting held next month at a meeting held next month. As a result of clarifying the idea of doing so, there was concern that the tightening of monetary policy would accelerate and the economic recovery would slow down, and the number of sell orders increased.
The Nasdaq stock index, which has many IT-related stocks, also fell sharply by 2%.
Market officials said, "The rise in long-term interest rates in the United States also led to a decline in stock prices. Although the announcement of corporate financial results is in full swing and there are expectations for the future of some companies' business performance, it is record-breaking. Many investors are wary of the impact of inflation and monetary tightening on the US economy. "