On Monday the 24th, the Dow Jones Industrial Average on the New York Stock Exchange rose for the fifth consecutive trading day, at one point exceeding $400.

Buying was dominant from the beginning of trading, due to continued expectations that the U.S. Federal Reserve Board would begin cutting interest rates soon.

The market awaited the televised debate between President Biden and former President Trump on the 27th, and the release of the personal consumption expenditures (PCE) price index on the 28th, but there were no releases of any crucial major US economic indicators on the day, leaving limited clues.

In the end, the stock closed at $39,411.21, up $260.88 from the previous weekend.

The Nasdaq Composite Index, dominated by technology stocks, fell for the third consecutive trading day, down 192.54 points to 17,496.82.

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