The NY market fell on the 23rd. The Dow closed down $652.82 at 52215.16 dollars, while the Nasdaq ended down 53.52 points at 25955.34. Rising crude oil prices and concerns over higher long-term interest rates prompted selling, and the decline widened after the open.
The New York stock market ended broadly lower on the 23rd. The Dow fell $652.82 to close at 52215.16 dollars. The Nasdaq ended down 53.52 points at 25955.34, with selling prevailing.
Against this backdrop, renewed concerns that inflation could remain elevated, as tensions in the Middle East persisted and crude oil prices rose, led to broader selling after the open. Rising long-term interest rates also weighed on the market. As a point to note, dip-buying supported the Nasdaq at times, but it failed to recover into positive territory and remained capped toward the close.
By sector, energy and software and services rose, while telecommunications services fell. The Chicago Nikkei futures settlement was ¥62640, down ¥40 from the Osaka daytime session, while Advantest, Recruit Holdings and Komatsu declined in the ADR market.
In light of this move, continued attention is expected to be necessary on trends in crude oil and interest rates, while some observers point out that investors may also seek short-term rebounds.