Dow Jones (June 24) gains 823.32 points, easing concerns that the Fed may cause a recession in the economy.

Bloomberg News reported that Dow Jones Index new york stock market The market closed on Friday (June 24) at 31,500.68, up 823.32, or +2.68%. The S&P 500 closed at 3,911.74, up 116.01, or +3.06%, and the Nasdaq closed at 11,607.62. +375.43 points or +3.34% increase

Dow Jones Index The market closes on the last day of the week in positive territory. As a result of the investors’ concerns. In the case of raising interest rates by the US Federal Reserve (Fed) to solve inflation problems that may cause the US economy to go into recession After the price of domestic products has dropped throughout the past week. Economists had forecast the Fed would raise interest rates to 3.5%, down from the previous forecast of 4.0%.

Another factor is that US Department of Commerce It revealed new home sales for the month of May at 696,000 units, an increase of 10% compared to the same period last year. Contrary to analysts’ forecasts of 588,000 units.

from the movement of such investors Banking stocks rose by Goldman stocks. Sachs was up 5.79 percent. Cisco shares were up 2.73 percent, as did technology stocks also gaining. Apple was up 2.45%, Intel was up 3.21 percent and Microsoft was up 3.42 percent.