On the 26th of the week, the New York stock market saw an increase in selling orders due to the rise in long-term interest rates in the United States due to the expectation of a significant interest rate hike, and the Dow Jones Industrial Average fell for five consecutive business days, renewing the lowest price of this year. did.
The closing price of the Dow Jones Industrial Average on the New York Stock Market on the 26th was $29,260.81, $329.60 lower than last weekend, the lowest price of this year.
The Dow Jones Industrial Average fell for the fifth straight day, dropping more than $1,700.
On this day, selling orders increased due to the spread of speculation that the United States will continue to raise interest rates significantly due to remarks on monetary policy by executives of the Federal Reserve Board.
In addition, the sharp drop in the British currency pound and the rise in interest rates on government bonds had a ripple effect on the rise in interest rates on US government bonds, pushing down stock prices.
A market insider said, ``In addition to growing concerns about a cooling of the global economy due to interest rate hikes in Europe and the United States, there is also the view that a sharp rise in the value of the dollar will have a negative impact on the performance of American companies. I'm talking.