In the New York stock market on the 5th, the Dow Jones Industrial Average fell by nearly $ 400 due to the growing caution that the Fed = Federal Reserve Board, which is the central bank of the United States, will accelerate the pace of interest rate hikes, and the bond market is long-term. Interest rates temporarily rose to the 1.7% range.
The closing price of the Dow Jones Industrial Average on the New York Stock Market on the 5th was $ 36,407,11 cents, a decrease of $ 392,54 compared to the previous day.
Prices have been rising since the start of the deal, but after the minutes of the Fed's monetary policy meeting were released last month, there was a growing sense of caution about the Fed accelerating the pace of rate hikes. The number of sell orders increased and the price began to decline.
The Nasdaq stock index, which has many IT-related stocks, also fell sharply by 3.3%.
In the New York bond market, US government bonds were sold on the alert of interest rate hikes, and long-term interest rates temporarily rose to the 1.7% level for the first time in about two and a half months.
Market officials said, "In the minutes, there was a mention of promoting the reduction of assets held such as government bonds, and it was perceived that the Fed may rush to tighten monetary policy," he said for the time being. Markets are likely to be nervous about steering the Fed's policies.