In the New York stock market on the 12th, concerns about inflation eased as the US import price index declined, and buy orders increased, and the Dow average stock price rose to over 400 dollars.
On the 12th, the Dow Jones Industrial Average closed at $33,761.5, up $424.38 from the previous day.
The US import price index for July, which was announced on the same day, dropped, prompting an increase in buying orders as fears of inflation eased.
The Dow Jones Industrial Average has risen three days in a row.
The Nasdaq stock index, which has many IT-related stocks, also rose significantly by 2%.
A market insider said, ``The increase in the US consumer price index last month, announced on the 10th, was smaller than the previous month, and the view that inflation will subside has spread again. The release of another economic indicator of consumer sentiment that outperformed market expectations also led to buy orders."