The New York stock market on the 19th saw the Dow Jones Industrial Average rise sharply above $ 700, with some relief from fears of worsening corporate performance due to the effects of record inflation and monetary tightening in the United States.

The closing price of the Dow Jones Industrial Average on the New York Stock Exchange on the 19th was a significant increase of 31,827.5 cents, which is 754.44 cents higher than the previous day.



The market was wary of a deterioration in corporate performance due to the effects of record inflation and monetary tightening that continued in the United States, but the caution has eased somewhat based on the financial results of each company in the three months up to last month, and a wide range of stocks The buy order has expanded.



The Nasdaq stock index, which has many IT-related stocks, also rose significantly by 3.1%.



Market officials said, "Investors' view that corporate performance may not be worse than expected has led to a rise in stock prices. However, inflation and monetary tightening in the market have led to the US economy. It is unclear whether the stock price will continue to rise, as there is a deep-rooted caution about retreating. "