https://www3.nhk.or.jp/news/html/20220625/k10013687791000.html

NY Stock Market Dow Jones Industrial Average Rise Over $800 Significantly

In the New York Stock Exchange on 24^th June, the Dow Jones Industrial Average rose sharply to over $800 due to the increased repurchase movement centered on the stocks that were sold recently.

In the New York Stock Exchange on the 24^th, buy orders spread to a wide range of stocks, centering on the stocks that had been sold recently immediately after the start of the transaction.

Buy orders swelled further towards the end of the deal, with the Dow Jones Industrial Average closing at $31,500 and $68, up $823,32 from the previous day.

The Nasdaq stock index, which has many IT-related stocks, also rose significantly by 3.3%.

In the New York stock market last week, the Federal Reserve Board, the central bank of the United States, has stepped up a sharp 0.75% rate hike, raising caution against a slowdown due to rapid monetary tightening, and the Dow Jones Industrial Average. On June 16th, the stock market continued to decline, falling below the $ 30,000 mark for the first time in 1 year and 5 months.

However, buybacks have been noticeable this week, with the closing price of the weekend rising significantly by over $1,600 compared to last weekend.

Market officials said, “Although the downward trend in stock prices has stopped for the time being, there are still concerns that the US economy will slow down due to rapid monetary tightening in the market, and stock prices will continue to move erratically for the time being.”

Source: https://www3.nhk.or.jp/news/html/20220625/k10013687791000.html