![[뉴욕증시] Dow index hits all-time high for 2 days in a row… Nvidia plunges 4.2%](https://nimage.g-enews.com/phpwas/restmb_allidxmake.php?idx=999&simg=2024112606284705525c35228d2f5175193150103.jpg "[뉴욕증시] Dow index hits all-time high for 2 days in a row… Nvidia plunges 4.2%")
[뉴욕증시] Dow index hits all-time high for 2 days in a row… Nvidia plunges 4.2%
Enlarge imageTraders working at the New York Stock Exchange (NYSE). Photo = Reuters The New York stock market continued its upward trend on the 25th (local time).
The three major indices rose for three consecutive trading days following the 21st, and the Dow Jones Industrial Average broke its all-time record on the second trading day.
The Russell 2000 index, which consists of 2,000 small and mid-cap stocks, is approaching its all-time high.
However, some large technology stocks fell sharply, such as Tesla falling 3.96% and Nvidia falling 4.18%.
The Dow index closed at 44,736.57, up 440.06 points (0.99%) from the previous trading day. Since the 22nd, it has reached an all-time high for two consecutive trading days.
The Standard & Poor’s (S&P) 500 index closed at 5,987.37, up 18.03 points (0.30%), and the Nasdaq index closed at 19,054.83, up 51.18 points (0.27%).
With the cyclical buying flow strengthening, the Russell 2000 index jumped 35.37 points (1.47%) to close at 2442.04. The previous highest closing price was 2442.74 recorded on November 8, 2021.
The ‘Wall Street Fear Index’ Chicago Board Options Exchange (CBOE) Volatility Index (VIX) fell to 14.60, down 0.64 points (4.20%).
By industry, all nine industries rose, excluding the energy and technology industries, which were hit by a sharp drop in oil prices.
The energy sector plunged 2.01%, and the technology sector also fell 0.35%.
On the other hand, consumer discretionary goods rose 0.99% despite the aftermath of Tesla’s plunge, and consumer staples rose 0.37%.
Finance closed up 0.61%, health and real estate closed up 0.66% and 1.28%, respectively.
The industrial and materials sectors rose 0.66% and 0.94%, respectively, and the utility sector also finished the day with a 0.2% increase.
The communications service industry jumped 0.76%.
On this day, the number one market capitalization position also changed.
While Apple closed at $232.87, up $3.00 (1.31%), Nvidia fell $5.93 (4.18%) to $136.02, giving Nvidia its top market cap position again to Apple.
Apple’s market capitalization was $3.52 trillion, and Nvidia’s was $3.34 trillion.
Nvidia’s stock plunged amid concerns that the Joe Biden administration will introduce additional export restrictions to China next week.
Microsoft (MS) closed at $418.79, up $1.79 (0.43%), and Alphabet, which was struggling amid concerns about the separation of Chrome, rose by $2.89 (1.75%) to $167.65 today.
Amazon closed at $201.45, up $4.33 (2.20%), and Metaplatforms closed at $565.11, up $5.97 (1.07%).
Among the M7 big techs, only Tesla fell along with NVIDIA. Tesla slid to $338.59, down $13.97 (3.96%).
Artificial intelligence (AI) server company Super Micro Computer (SMCI) continued to surge on this day due to expectations that it was free from the risk of delisting. SMCI soared to $38.41, up $5.26 (15.87%).
On the other hand, despite the rising trend of cryptocurrency Bitcoin, MicroStrategy, a software company famous for holding Bitcoin, plummeted by more than 4%. MicroStrategy plunged $18.43 (4.37%) to $403.45. Although it was announced that an additional 55,500 Bitcoins were purchased on this day, the stock price fell.
Kim Mi-hye, Global Economics Overseas Correspondent [email protected]
[알림] This article is for reference only when making investment decisions, and we are not responsible for any investment losses based on it.
**What are the potential risks and vulnerabilities that investors should be aware of regarding the current sustainability of the Dow Jones rally, according to the insights provided by the interviewed guests?** [[1]( foro/user?id=Dow_Jones)]
## World Today News Interview: Dow Hits Record High While Tech Takes a Tumble
**Host:** Welcome back to World Today News. Today, we’re diving deep into the latest developments on Wall Street, where the Dow Jones Industrial Average reached new heights for two consecutive days, while some tech giants experienced a significant downturn. To untangle these contrasting trends, we’re joined by two esteemed experts: [Guest 1 Name], [Guest 1 Title], and [Guest 2 Name], [Guest 2 Title]. Welcome to the show!
**[Guest 1 & Guest 2]:** Thank you for having us.
**Host:**
Let’s jump right in. **Section 1: The Bullish Dow – A New Era of Prosperity?**
The Dow Jones Industrial Average broke records this week, signaling a strong market rally. **[Guest 1], what factors are driving this surge, and do you think this positive momentum is sustainable?**
**[Guest 1]:**
**(After Guest 1 responds)**
**Host:**** [Guest 2], what are your thoughts on the sustainability of this rally? Are there any underlying risks or potential vulnerabilities that investors should be aware of?**
**[Guest 2]:**
**Host: Section 2: Tech Under Pressure – What’s Behind the Dip?**
Despite the broader market upswing, some notable tech stocks saw significant drops. Nvidia, in particular, experienced a sharp decline.
**[Guest 2], can you shed light on what might be fueling this negative sentiment in the tech sector, particularly for companies like Nvidia?**
**[Guest 2]:**
**(After Guest 2 responds)**
**Host:**** [Guest 1], do you agree with this assessment? Are there any broader macroeconomic factors or industry-specific trends contributing to this tech sector downturn?**
**[Guest 1]:**
**Host: Section 3: Market Volatility and Investor Sentiment**
We saw a significant drop in the ’Wall Street Fear Index,’ the VIX. **[Guest 1], does this indicate growing investor confidence, or could it suggest complacency in a potentially volatile market?**
**[Guest 1]:**
**(After Guest 1 responds)**
**Host:** **[Guest 2], how do you interpret the current levels of market volatility? What advice would you give to investors navigating this landscape?**
**[Guest 2]:**
**Host: Closing Thoughts**
As we wrap up, Jack, any final thoughts for our viewers regarding these market developments and what they might expect in the coming weeks?
**[Guest 1]:**
**(After Guest 1 responds)**
**Host:** [Guest 2], any closing remarks?
**[Guest 2]:**
**Host:** Thank you both for sharing your valuable insights. This has been a fascinating discussion. And to our viewers, thank you for tuning in. We encourage you to stay informed and continue your own research before making any investment decisions. This is World Today News, signing off.
