The New York stock market on the 30th of last month saw a sharp drop in the Dow Jones Industrial Average, temporarily above $ 500, as sell orders increased due to fears of slowing US consumer spending and a slowdown in the economy.
The New York Stock Exchange on the 30th of last month is wary of a slowdown in consumer spending and a slowdown in the wake of lower-than-expected economic indicators for consumer spending in May in the United States. Since then, the number of sell orders has increased.
As a result, the Dow Jones Industrial Average temporarily fell sharply to over $ 500.
After that, there was a move to buy back, and the closing price was $ 37.75.43, which was $ 253.88 lower than the previous day.
The Nasdaq stock index, which has many IT-related stocks, also fell 1.3%.
Also in the New York crude oil market, the WTI futures price, which is an international indicator, temporarily dropped to the $ 105 level per barrel due to cautions about the economic slowdown and the decline in crude oil demand.
Market officials said, "Inflation has been prolonged and consumer spending has increased among investors, partly because the economic indicators on prices in May in the United States, which were released today, showed that prices remained high. There was also an observation that it would decline, which led to a decline in stock prices. "Keywords: