On the 16th, the New York stock market saw an increase in selling orders due to concerns that interest rates would continue to be raised in Europe and the United States next year and that the global economy would slow down, and the Dow Jones Industrial Average dropped sharply above $500 at one point.

In the New York stock market on the 16th, the economic indicators indicating the business confidence of American companies announced on this day were below market expectations, and the FRB = Federal Reserve Board and the European Central Bank, which are the central banks of the United States, Concerns about a slowdown in the global economy have increased as the view that interest rates will continue to rise next year has spread again.



As a result, selling orders increased, and the Dow Jones Industrial Average dropped sharply over $500 at one point, and the closing price was $32,920.46, down $281.76 from the previous day.



The Dow Jones Industrial Average has fallen for three consecutive days, and the range of decline during this time has exceeded $ 1,100, making the downward trend of stock prices clear.



Market officials say, "Investors are becoming more cautious about the US economy recession next year, and there is a growing movement to place sell orders to avoid risks."



In the New York foreign exchange market, there is a trend of buying the yen and selling the dollar, and the yen exchange rate is trading in the upper 136 yen range to the dollar.