[속보]US New York stock market escapes panic, Dow-S&P rises solidly, Nasdaq-Semiconductor also rises slightly

Nvidia rose 2.9%, Broadcom rose 0.3%, Tesla rose 0.7%, and ARM rose 0.9%.
In comparison, Apple is 1.0%, Microsoft 0.7%, Amazon.com 0.3%, Meta 1.5%,
Google’s Alphabet fell 0.2%, AMD fell 0.6%, and Netflix fell 0.6%.

▲On the 16th (local time), the New York stock market broke away from the previous day’s panic and all three major indices are rising. A trader is working at the New York Stock Exchange (NYSE)./Photo = Provided by Yonhap News

[소셜밸류=김완묵 기자] The U.S. New York stock market turned upward, breaking away from the previous day’s panic, led by the Dow Index, which is centered on blue-chip stocks. Accordingly, around the closing time, the three major indices and the semiconductor index are all showing an upward trend.

As of 3:48 p.m. on the New York Stock Exchange (NYSE) on the 16th (local time), the Dow Jones Industrial Average is recording 43,080, up 340 points (0.80%) from the previous level.

The Standard & Poor’s (S&P) 500 index is at 5,842, 27 points (0.47%) higher than the previous day, and the Nasdaq Composite Index, centered on technology stocks, is at 18,363, up 48 points (0.27%). The Philadelphia Semiconductor Index is at 5,149, up 4 points (0.08%) from the previous day.

Major stocks include Nvidia up 2.9%, Broadcom up 0.3%, Tesla up 0.7%, and ARM up 0.9%. In comparison, Apple is falling by 1.0%, Microsoft by 0.7%, Amazon.com by 0.3%, Meta by 1.5%, Google’s Alphabet by 0.2%, AMD by 0.6%, and Netflix by 0.6%.

On this day, U.S. Treasury yields are showing a downward trend. As of 3:36 p.m. local time, the 10-year note is at 4.018%, down 0.020 percentage points (2.0 bp) from the previous day, and the 2-year note is at 3.938%, down 0.018 percentage points (1.8 bp) from the previous day.

As of 11:25 a.m. local time, the Dow Jones Industrial Average was recording 42,920, up 180 points (0.42%) from the previous level.

The Standard & Poor’s (S&P) 500 index was 5,822, 7 points (0.12%) higher than the battlefield, and the Nasdaq Composite Index, centered on technology stocks, was 18,305, 10 points (0.05%) lower. The Philadelphia Semiconductor Index was at 5,173, up 28 points (0.56%) from the previous day.

Major stocks included Nvidia rising 1.8%, Broadcom rising 0.5%, Tesla rising 0.3%, AMD rising 0.3%, and ARM rising 2.4%. In comparison, Apple was falling by 1.3%, Microsoft by 0.9%, Amazon.com by 0.9%, Meta by 1.6%, Google’s Alphabet by 0.1%, and Netflix by 0.3%.

Prior to this, as of 10:40 a.m. local time, the Dow Jones Industrial Average was recording 42,931.80, up 191.38 points (0.45%) from the previous level. The Standard & Poor’s (S&P) 500 index showed 5,819.97, 4.71 points (0.08%) higher than the previous level, and the NASDAQ composite index centered on technology stocks showed 18,289.87, 25.72 points (0.14%) lower.

According to foreign media and Yonhap News, major companies continued to announce their performance on this day. Large bank Morgan Stanley recorded net profit of $3.2 billion, up 32% from the same period last year, thanks to a 56% surge in investment banking sales, easily exceeding Wall Street experts’ expectations ($2.6 billion). Earnings per share (EPS) of $1.88 also exceeded market expectations ($1.59). The stock price rose nearly 7%.

United Airlines’ stock price soared by more than 13% as it announced a $1.5 billion share repurchase policy along with good performance, with adjusted earnings per share (EPS) of $3.33, exceeding market expectations ($2.75 to $3.25).

Biotechnology company Novocure’s stock price jumped more than 5% after news broke that its wearable lung cancer treatment device ‘Optune Lua’ had received marketing approval from the U.S. Food and Drug Administration (FDA), and then rose 1% at the end of the day. ASML stock price plunged 16.26% the previous day and fell by about 6% that day. Nvidia rose in the 2% range on this day, Broadcom rose in the 0% range, and Micron Technology rose in the 4% range.

Liquid Capital Management analyst Brynn Talkington predicted that the market could be choppy in the coming weeks as companies continue to announce earnings ahead of the U.S. presidential election.

Investors view the geopolitical conflict in the Middle East as the biggest ‘tail risk’. It refers to a factor that is unlikely, but can have a serious impact on the market once it occurs.

According to a Bank of America survey of global fund managers this month, one-third (33%) of survey respondents cited Middle East conflict as the biggest tail risk. This was followed by rising global inflation (26%) and the US recession (19%). Just last month, concerns about a U.S. economic recession were the biggest at 40%.

According to the FedWatch tool of the Chicago Derivatives Exchange Group (CME Group), the probability that the Federal Reserve will further cut the benchmark interest rate by 25 basis points in November is 92.8%, and the probability of freezing it is 7.2%.

International oil prices are mixed. The price of West Texas Intermediate (WTI) crude oil for November delivery is trading at $70.56 per barrel, down 0.03% from the previous session, and the price of Brent crude oil for December delivery is trading at $74.38 per barrel, 0.18% higher than the previous session.

[저작권자ⓒ 사회가치 공유 언론-소셜밸류. 무단전재-재배포 금지]