On the 12th of the week, the New York stock market saw an increase in buy orders due to speculation that the record inflation that continued in the United States would subside, and the Dow Jones Industrial Average rose for four consecutive business days.
On the 12th, the Dow Jones Industrial Average closed at $32,381.34, up $229.63 from last weekend.
The Dow Jones Industrial Average rose for the fourth straight day, surpassing $1,200.
In addition to the speculation that the growth of the US consumer price index in August, which is scheduled to be announced on the 13th, will be slower than in July, and that record inflation will subside, Buy orders for IT-related stocks have increased due to expectations for the future.
The Nasdaq stock index, which has many IT-related stocks, also rose 1.2% on the 12th, rising for the fourth consecutive business day.
A market official said, ``The market is optimistic that inflation will peak and settle down in the future, and interest is gathering in the index that will be announced.''
On the other hand, in the New York foreign exchange market, the yen has continued to depreciate rapidly recently, but on the 12th, the dollar was trading around the 142 yen level.