In the New York stock market on the 7th, in response to the decline in the unemployment rate in the United States' last month's employment statistics, selling orders swelled from the view that record inflation will continue and significant interest rate hikes will continue, and the Dow average stock price rose to 600. It was a big drop in price over the dollar.
The New York stock market on the 7th was sold as the unemployment rate declined in the US employment statistics announced on the 7th last month, and the view that record inflation will continue and significant interest rate hikes will continue. Orders have ballooned.
As a result, the Dow Jones Industrial Average closed at $29,296.79, down $630.15 from the previous day.
The Dow Jones Industrial Average has fallen three days in a row.
The Nasdaq stock index, which has many IT-related stocks, also plunged 3.8%.
In the New York foreign exchange market, the interest rate differential between Japan and the United States has widened due to the rise in long-term interest rates in the United States, and there is a movement to sell the yen and buy the dollar. Price drop.
Market officials said, "Last month's employment statistics indicate that the number of employees and wage growth are still at a high level, and the Fed (Federal Reserve System) will not hesitate to raise interest rates significantly, which could cool the economy. The fact that there was a view that it would be possible to do so also led to a decline in the stock price."