On the 24th of the week, the New York stock market saw an increase in buy orders due to expectations that the pace of interest rate hikes in the United States would slow down and expectations for corporate performance, and the Dow Jones Industrial Average rose above $400.
The closing price of the Dow Jones Industrial Average on the New York stock market on the 24th was $31,499.62, up $417.6 from last weekend.
In the United States, it is speculated that the pace of interest rate hikes will slow down from December this year, and in addition to easing concerns about an economic slowdown, we are buying due to expectations for corporate performance to be announced after this week. I have more orders.
The Nasdaq stock index, which has many IT-related stocks, also rose 0.8%.
A market insider said, ``In response to the appointment of former Finance Minister Sunak as Prime Minister on the 25th to succeed Truss, there was a view that the UK's financial management would stabilize. It has led to an increase,” he said.