In the New York stock market on the 26th, concerns about deterioration of corporate performance were eased by the fact that the financial results of some retail companies exceeded the market expectations, and the Dow Jones Industrial Average rose sharply to over $ 500. I did.
The closing price of the Dow Jones Industrial Average on the New York Stock Exchange on the 26th was $ 32,637,19 cents, up $ 516.91 from the previous day.
The Dow Jones Industrial Average has risen for the fifth straight business day, during which time it has risen above $ 1,300.
The Nasdaq stock index, which has many IT-related stocks, also rose significantly by 2.6%.
Concerns over the deterioration of corporate performance have eased as the financial results of some retailers, including major department stores announced today, exceeded market expectations.
The Dow Jones Industrial Average has continued to decline, with weekend closings falling below the previous week for eight consecutive weeks until last week, but buybacks are prominent this week.
Market officials said, "There is a deep-rooted caution that the US economy will slow down due to the tightening of monetary policy, and it is unclear whether stock prices will continue to rise."