The Dow Jones Industrial Average on the 18th is significantly over $ 300 from the view that the Federal Reserve Board of Governors, the central bank of the United States, may start reducing the scale of quantitative easing by the end of the year. The price has dropped.
The closing price of the Dow Jones Industrial Average on the New York Stock Market on the 18th was 34.960.69 cents, which is 382.59 cents lower than the previous day, falling below $ 35,000 for the first time in two weeks.
In the minutes of the Fed's last month's meeting, released today, most participants said the US economy was moving toward its goals, and if further progress could be seen, a quantitative easing called "tapering" would be possible. It turns out that he was of the opinion that it would be appropriate to start scaling down later this year.
As a result, there was widespread belief that the scale of quantitative easing would begin to be reduced by the end of the year, and sales orders increased.
Market officials said, "Although the economic situation that is the premise of the Fed's monetary policy has changed, such as the spread of infection with the new coronavirus mutant virus" Delta strain "from the time of the meeting late last month, profits are confirmed once. Many investors placed sell orders to get them to do it. "