Bloomberg news agency reported that the Dow Jones index. new york stock market The market closed on Thursday (Sept. 22) at 30,076.68, down 107.10, or -0.35%. The S&P 500 closed at 3,757.99, down 31.94, or -0.84%, and the Nasdaq closed at 11,066.81. down 153.39 points or -1.37%
The Dow closed in negative territory for the third day in a row, as investors sold stocks. After the Federal Reserve raised interest rates by 0.75% at the Federal Reserve’s monetary policy meeting on Wednesday (Sept. 21), Fed Chairman Jerome Powell confirmed the Fed would not consider it. Cut interest rates until US inflation falls to the target level of 2%.
Another factor comes as investors are expecting the Fed to raise interest rates at the remaining two meetings this year, with the latest CME Group’s FedWatch Tool survey showing investors weighed 68.1% at the Fed. It will raise interest rates 0.75% to 3.75-4.00% at its November meeting and weight the 66.7% that the Fed will raise interest rates by 0.50% at its meeting in December.
As a result of such investor concerns, the price of most shares on the New York Stock Exchange fell. especially stocks in the technology sector The impact continued as the yield on the two-year U.S. Treasury rose above 4.1 percent overnight, sending Amazon shares down 1.04 percent, India shares down 5.28% and Tesla shares were down 4.06 percent.
in the interesting economic information section US Department of Labor Revealed the number of applicants for unemployment benefits for the first time last week increased (September 11-17) to 213,000, an increase of 5,000 from the previous week. But below analysts’ forecasts of a rise of 218,000.