On the 10th, the New York stock market saw a surge in sell orders due to concerns over record inflation in the United States, and the Dow Jones Industrial Average fell sharply to over $ 600 at one point.
The New York stock market on the 10th raised concerns about continued record inflation as the US consumer price index released today rose 7.5% compared to the same month of the previous year. Inflation has swelled as long-term interest rates have risen to the 2% range as the Fed, the central bank, of the Federal Reserve Board, is increasingly accelerating the pace of tightening monetary policy.
As a result, the Dow Jones Industrial Average fell sharply by more than $ 600 at one point, and the closing price was 35,241.59 cents, which was 526.47 cents lower than the previous day.
The Nasdaq stock index, which has many IT-related stocks, also fell sharply by 2.1%.
Market officials said, "The Fed will increase the number of interest rate hikes this year, and there is also a view that the policy interest rate hike when raising interest rates will increase, and the pace of monetary tightening will accelerate and the economic recovery will slow down. For the time being, the focus will be on how long record inflation will continue and the pace of the Fed's monetary tightening. "Keywords: