In the New York stock market on the 17th, the Dow Jones Industrial Average fell for the first time in six business days as selling orders increased due to concerns about the future of personal consumption in the United States and the rise in long-term interest rates.
The closing price of the Dow Jones Industrial Average on the New York stock market on the 17th fell by $33,980.32, down $171.69 from the previous day, for the first time in six business days.
On this day, the results of major American retailers announced were below market expectations, and last month's retail sales were almost the same as the previous month, raising caution about the future of personal consumption. In addition, the rise in long-term interest rates led to an increase in sell orders, and the Dow Jones Industrial Average temporarily fell by more than 300 dollars from the previous day.
After that, after the Fed (Federal Reserve Board) tightened monetary policy following the release of the minutes of last month's meeting, there was a perception that the pace of interest rate hikes might slow down, and the margin of decline narrowed. did.
The Nasdaq stock index, which has many IT-related stocks, also fell 1.2%.
A market official said, ``The Dow Jones Industrial Average had risen for five consecutive business days until the day before, and the number of sell orders to secure profits increased. talking