In the New York stock market on the 20th, the Dow Jones Industrial Average fell for the fifth consecutive business day due to concerns over prolonged inflation.
The Dow Jones Industrial Average closed at $ 34,715,39 cents, down $ 313,26 from the previous day on the New York Stock Market on the 20th.
The Dow Jones Industrial Average has fallen for five consecutive business days, with the decline exceeding $ 1,500 in five days.
After the start of the transaction, there were occasions when buy orders increased and prices rose, but as international crude oil futures prices remained high in the New York crude oil market, there was a deep-rooted concern that inflation would be prolonged, and the transaction was carried out. The sell order swelled before the end.
The Nasdaq stock index, which has many IT-related stocks, also fell 1.3%.
Market officials said, "Before the Fed, the central bank of the United States, holds a meeting to decide monetary policy next week, there is a sense of caution that the economic recovery will slow down due to monetary tightening to curb inflation. And sell orders have swelled. For the time being, the focus will be on whether crude oil prices will continue to rise and the Fed's monetary policy. "