NY market Dow average price rises over $ 300, Oct. 5 6:11
In the New York stock market on the 4th, the Dow average stock price is over $ 300, based on the observation that the Federal Reserve Board, the US central bank, will cut interest rates three times this month to support the economy. The price rose.
The New York Stock Market on the 4th, this month because the FRB supported the economy as the increase in the number of non-agricultural workers fell below market expectations in the US last month's employment statistics announced in the morning. The observation of three consecutive rate cuts at this meeting spread and the Dow average share price rose.
In addition, FRB chairman Powell showed in his lecture his thoughts on maintaining the economy, and the range of price increases further widened.
After all, the closing price of Dow's average stock price was $ 26,573,72 cents, 372.68 cents higher than the previous day.
Market officials said, “In the United States, concerns about the future of the economy are gradually spreading against the backdrop of trade friction with China. The US side will not compromise in the ministerial-level negotiations on trade friction between the two countries that will be held next week. There is a view that we can't get it, and the transition is attracting attention. "