The New York Stock Exchange's Dow Jones Industrial Average rose by more than $ 400 on the 17th as the US's fears of a decline in consumer spending eased.

The Dow Jones Industrial Average on the New York Stock Exchange on the 17th was $ 32,654,59, up $ 431,17 from the previous day.

The Dow Jones Industrial Average has risen for the third consecutive business day.

Last month's retail sales in the United States, announced today, increased for the fourth straight month, surpassing the previous month, alleviating concerns about a decline in consumer spending and increasing buy orders.

The Nasdaq stock index, which has many IT-related stocks, also rose significantly by 2.7%.

Market officials said, "While Fed Chairman Jerome Powell's emphasis on accelerating monetary tightening in today's speech was perceived as within expectations, consumer spending is firm. This led to an increase in stock prices, which was conscious of among investors. However, caution about the future of the economy is deep-rooted, and trends in personal consumption are likely to influence stock prices in the future. "