On the 30th, the Dow Jones Industrial Average of the New York Stock Exchange continued to fall, closing at $42,141.54, down $91.51 from the previous day.
In the United States, in addition to the announcement of the financial results of major IT companies, the announcement of the October employment statistics (on the 1st of next month), the counting of votes in the presidential election (on the 5th), and the Federal Open Market Committee, which decides monetary policy (on the 6th, 7th), and there is a growing expectation in the market that interest rates will be cut for the second consecutive meeting. Before such an event, active buying and selling tends to be postponed, and there is a strong wait-and-see attitude.
In addition, the US Department of Commerce announced on the 30th that real gross domestic product (GDP) for the July-September period of this year increased by 2.8% on an annualized basis compared to the previous three months, a growth rate of 2. It has shrunk for the first time in a while.
While there were some sell-offs due to concerns about the future of the economy as prices were lower than market expectations, there were also times when the strong employment situation in the US led to buying.
The tech-heavy Nasdaq Composite Index fell, dropping 104.82 points to 18,607.93.
Source: Japanese