[Breaking News] NY Stock Market Drops by $1,200 at One Point, the Largest Drop in Closing Prices in About Two Years: Profile of Mr. Shoin

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On the 18th, the Dow Jones Industrial Average fell sharply in the New York Stock Exchange, exceeding $1,200 at one point, and the drop in the closing price was the largest in about two years. On the 18th, sell orders swelled across a wide range of stocks, and the Dow Jones Industrial Average fell sharply, exceeding $1,200 at one point. The closing price ended trading at $31,490.7, down $1,164.52 from the previous day. The drop in the closing price was the largest in about two years since June 2020. Target, a major retailer, announced its three-month financial results on this day, reporting a significant decrease in profits, falling short of market expectations following the announcement on the 17th by the largest retailer, Walmart. As a result, concerns have grown that corporate earnings will deteriorate due to rising costs such as fuel and labor costs against the backdrop of record inflation.