NY Dow average stock price decline due to concerns about continuing significant interest rate hikes
On the 9th, the New York stock market, the Dow Jones Industrial Average fell, and the closing price was $ 33,476.46, $ 305.2 cents lower than the previous day. On this day, the US wholesale price index, which was announced last month, exceeded market expectations, and selling orders increased due to concerns that the economy would cool down as interest rates continued to rise sharply. In addition, on the 9th in the New York foreign exchange market, there was an expectation that the U.S. would continue to raise interest rates sharply, and the interest rate differential between Japan and the U.S. was conscious of the yen-selling dollar-buying trend. has dropped in price. A market insider said, ``The growth in last month's consumer price index, which is scheduled to be announced on the 13th of next week, also exceeded market expectations, and there is concern that significant interest rate hikes to curb inflation may continue. I have a sense of it,” he says.