The worst fall of the American stock market in the last two years/Wall Street is covered in blood

According to the correspondent of Fars News Agency, according to Reuters, the formation of heavy sales queues due to concerns about inflation in the United States led to the fall of the American stock market, the worst fall on Wall Street in the last two years. The higher-than-expected increase in inflation caused the shareholders to be disappointed with the withdrawal of the US central bank from the continuation of the interest rate hike policy.

All three main indices of the Wall Street stock market, including Nasdaq, S&P 500 and Dow Jones, registered a heavy fall in last night’s trading and recorded their worst drop since July 2020 in the midst of the Corona virus.

The rising sense of lack of risk-taking among shareholders caused all trading groups to become negative, and the symbols of technology and their affiliated companies, which had the most negative impact from the increase in interest rates, recorded the highest rate of decline; Among these companies, we can mention Apple, Microsoft and Amazon, which recorded the heaviest decrease in value.

The US Department of Labor released the inflation statistics last night, and in fact, the results of these statistics were cold water that was poured on the heads of shareholders hoping to stop the interest rate increase.

According to published statistics, the interest rate in this country has grown more than expected in July, and according to this, the country’s central bank will be forced to increase the interest rate more in order to control inflation.

Paul Nolte, portfolio manager at the Kingsview Institute in Chicago, said: “This report showed the persistence of high inflation and is interpreted as meaning that the US central bank will continue to raise interest rates.”

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