On September 30th, the Dow Jones Industrial Average fell below $29,000 for the first time in about a year and 11 months on the New York stock market.
In Europe and the United States, there was growing concern that the economy might cool down due to the tightening of monetary policy to curb inflation, and selling orders increased.
On the 30th, the price index based on personal consumption for August exceeded market expectations, which was announced in the United States on the 30th. In the New York stock market, the economy has cooled due to monetary tightening in Europe and the United States to curb inflation. increased concern.
As a result, sell orders swelled, and the closing price of the Dow Jones Industrial Average dropped $500.10 from the previous day to $28,725.51, falling below $29,000 for the first time in about a year and 11 months since November. I was.
The rate of decline for the month from the end of August was 8%, and the rate of decline since the end of last year exceeded 20%.
The Nasdaq stock index, which has many IT-related stocks, also dropped significantly by 1.5%, setting a new low for this year.
A market insider said, ``The stock prices of major sporting goods makers have fallen sharply due to concerns about the future of business performance. increased concerns among investors,” he said.