The New York stock market on the 11th of the week was wary of accelerating monetary tightening in the United States, and the Dow Jones Industrial Average fell by more than $ 400.

The closing price of the Dow Jones Industrial Average on the New York Stock Exchange on the 11th was $ 34,308,8 cents, down $ 413,4 cents compared to last weekend.

With the view that monetary tightening will accelerate in the United States, long-term interest rates have risen to the 2.7% level, and many stocks, mainly IT-related, have received sell orders.

The Nasdaq stock index, which has many IT-related stocks, fell sharply by 2.1%.

Market officials said, "Rising long-term interest rates could cool the economy through rising mortgages and other factors. Also, rising prices for US natural gas futures on that day are also a cause for concern, saying that inflation will be boosted. It became. "

NY Crude Oil Market Temporarily Drops to $ 92 / Barrel

In the New York crude oil market on the 11th, the futures price of WTI, which is an international indicator of crude oil prices, temporarily dropped to the $ 92 level per barrel.

WTI futures prices soared after Russia's invasion of Ukraine, rising to the $ 130 / barrel level early last month, and the $ 92 level is the lowest since late February.

Behind the decline is the view that demand for crude oil will decline due to continued restrictions on going out to curb the spread of the new coronavirus in Shanghai, China.