The Dow Jones Industrial Average fell by more than $ 300 in the New York stock market on the 19th as concerns about inflation increased as oil prices rose.
The closing price of the Dow Jones Industrial Average on the New York Stock Market on the 19th was $ 35,028.65, a decrease of $ 339.82 compared to the 18th.
The Dow Jones Industrial Average has fallen for four consecutive business days.
Crude oil prices continued to rise in the New York crude oil market on the 19th, and the WTI futures price, which is an international indicator, temporarily reached the high of $ 87 per barrel, the highest price in about 7 years and 3 months. This raised concerns about inflation and swelled sell orders.
In addition, there was a growing sense of caution that US Treasuries were sold in the New York bond market and long-term interest rates temporarily rose to the 1.9% level for the first time in about two years.
The Nasdaq stock index, which has many IT-related stocks, also fell 1.1%.
Market officials have speculated that fears of inflation may rush to tighten monetary policy before the Fed, the central bank of the United States, meets to decide monetary policy next week. And sell orders have swelled. Market interest is focused on monetary policy to curb inflation. "