NY Dow Average Price Rise Expectation for Additional Rate Reduction Oct. 4: 7:26

The New York stock market on the 3rd saw the Dow average share price rise due to expectations of further rate cuts to support the economy.

The New York Stock Market on the 3rd, the economic index for the non-manufacturing industry announced in the morning was once again well below market expectations, causing a series of sell orders and the Dow average share price dropped by more than $ 300 for a time. did.

However, due to growing concerns about the future of the economy, the observation that the FRB = Federal Reserve Board will make a third rate cut to support the economy has brought stock prices back.

In the end, the closing price of the Dow average stock price was $ 26,201, 4 cents, which is 122.42 cents higher than the previous day.

A market official said, “After the announcement of employment statistics, which is an important economic indicator on the 4th, there will also be a speech by Chairman Powell of the FRB, which is drawing attention as to what to say about the possibility of additional rate cuts.” Talking.