In the New York stock market on the 21st, selling orders swelled as concerns spread over the future performance of major American retailers, and the Dow Jones Industrial Average fell sharply by nearly $700.
The closing price of the Dow Jones Industrial Average was $33,129.59, $697.10 lower than last weekend, on the 21st of the New York stock market, which was closed after the consecutive holidays because the previous day was a public holiday.
On this day, the outlook for the performance of the major American retailers, which announced their financial results for the year until January next year, was taken cautiously, and selling orders increased as concerns spread over the future of performance.
The Nasdaq stock index, which has many IT-related stocks, fell by 2.5%.
A market insider said, ``There is a growing view that the Federal Reserve Board, the central bank, will continue to raise interest rates to curb inflation, and more and more investors are cautious about the future of the economy.'' increase.
In the New York foreign exchange market, the yen exchange rate temporarily fell to the 135 yen level to the dollar.
As long-term interest rates in the United States rose, the interest rate gap between Japan and the United States widened, prompting yen-selling and dollar-buying.