On the 1st, the New York stock market and the Dow average stock price fluctuated over the Federal Reserve Board's rate hike decision and Chairman Powell's remarks.
The closing price rose slightly.
The New York stock market on the 1st was a volatile development over the Fed's 0.25% interest rate hike.
As the statement maintained that further interest rate hikes were appropriate, there was a growing sense of caution that the economy might cool down, and the Dow Jones Industrial Average dropped sharply above $500 at one point.
After that, FRB Chairman Powell said at a press conference that the process of rising prices had begun, and in anticipation of an end to inflation, buy orders increased, and the Dow Jones Industrial Average rose by nearly 250 dollars at one point. Did.
The stock closed at $34,092.96, up $6.92 from the previous day.
The NASDAQ stock index, which has many IT stocks, also rose significantly by 2%.
A market insider said, ``Investors were confused about the interpretation of the Fed's statement and the chairman's remarks. I felt a sense of security,” he said.