On the 25th, the New York stock market and the Dow Jones Industrial Average rose for the third consecutive business day against the backdrop of the view that the pace of interest rate hikes in the United States will slow down after December.
The closing price of the Dow Jones Industrial Average on the New York stock market on the 25th was $31,836.74, up $337.12 from the previous day.
The Dow Jones Industrial Average rose for the third straight day, surpassing $1,500.
Economic indicators related to US housing prices and consumer sentiment announced on this day fell short of market expectations, and there was widespread speculation that the pace of interest rate hikes would slow down from December onwards. Buy orders increased as concerns about a cooling in the stock market eased somewhat.
The Nasdaq stock index, which has many IT-related stocks, also rose significantly by 2.2%.
A market insider said, ``The decline in long-term interest rates in the United States and the fact that financial results of a major automobile company announced on the day confirmed that the financial results exceeded the market's expectations were also reassuring factors, which led to the rise in stock prices.'' I'm talking to