The New York stock market closed its last deal last year on the 31st, and the Dow Jones Industrial Average rose about 18% in a year due to expectations that the U.S. economy, which was hit by the new coronavirus, will recover. ..
The Dow Jones Industrial Average, which started at the $ 30,600 level at the beginning of last year, continued to rise due to the progress of vaccination and expectations for the future of the economy against the backdrop of large-scale monetary easing, and in early November It exceeded $ 36,000 for the first time.
After that, the price dropped once after the mutant virus Omicron strain was confirmed, but from the beginning of December, the sense of caution eased and it turned to an upward trend again, reaching the highest price on the 29th.
The closing price on the 31st was $ 36,338,30 cents, an increase of more than $ 5,700 compared to the end of the year, and the annual increase rate was 18.7%.
The Nasdaq stock index, which has many IT-related stocks, also rose by 21.3% annually.
On the other hand, this year, the Fed, the central bank, has indicated that it will raise interest rates three times, and the market believes that the pace of interest rate hikes will affect stock prices.
Market officials said, "Last year's stock price continued to rise because it was supported by solid consumer spending, but it is expected that the economy will cool down due to the interest rate hike. I think it will be a certain year. "