[마감]US New York stock market, Trump rally Dow 0.6% S&P 0.4% Nasdaq 0.1% Tesla rises 8.1%

NVIDIA 0.8%, Apple 0.1%, Microsoft 0.6%, Amazon.com 0.8%,
Meta 0.4%, Google’s Alphabet 1.3%, Netflix 0.1%, AMD 1.2%,
ARM fell 2.1%, but Tesla soared 8.1%

▲Photo shows the New York Stock Exchange in the U.S./provided by Yonhap News

[소셜밸류=김완묵 기자] The US New York stock market’s upward rally has continued for three trading days since Trump’s election. The Dow, S&P 500, and Nasdaq all broke all-time records for three consecutive intraday trading days, and the closing prices also set all-time highs again.

It is analyzed that former President Donald Trump’s victory in the 2024 presidential election served as an opportunity to shift to pro-business policies, building new momentum. In addition, as the U.S. Federal Reserve (Fed) lowered interest rates twice in a row and the Dow Index embraced Nvidia, the ‘favorite’ of the artificial intelligence (AI) era, analysis suggests that the ‘Trump rally’ will lead to a ‘year-end rally’. is also coming out.

On the 8th (local time) at the New York Stock Exchange (NYSE), the Dow closed at 43,988.99, up 259.65 points (0.59%) from the previous day.

The S&P 500 index closed at 5,995.54, up 22.44 points (0.38%) from the previous day, and the NASDAQ closed at 19,286.78, up 17.32 points (0.09%) from the previous day. The Philadelphia Semiconductor Index closed at 5,290.52, down 43.47 points (0.81%) from the previous day.

Major stocks included Nvidia down 0.8%, Apple 0.1%, Microsoft 0.6%, Amazon.com 0.8%, Meta 0.4%, Google’s Alphabet 1.3%, Netflix 0.1%, AMD 1.2%, and ARM closed 2.1%. did it However, Tesla closed with an 8.1% increase.

Government bond interest rates remain mixed throughout this afternoon. As of 3:59 local time, the 10-year note is showing 4.298%, down 0.044 percentage points (4.4 bp) from the previous day, and the 2-year note is showing 4.256%, up 0.036 percentage points (3.6 bp) from the previous day.

As of 12:40 local time, the Dow index was recording 44,012, up 283 points (0.65%) from the previous point.

The S&P 500 index was at 5,999, 25 points (0.43%) higher than the battlefield, and the NASDAQ index was at 19,274, up 5 points (0.03%) from the battlefield. The Philadelphia Semiconductor Index was at 5,278, down 56 points (1.05%) from the previous day.

Major stocks included NVIDIA down 0.9%, Apple 0.08%, Microsoft 0.6%, Amazon.com 0.4%, Meta 1.0%, Google’s Alphabet 1.0%, Netflix 0.4%, AMD 0.7%, and ARM down 3.1%. . However, Tesla was soaring 6.7%.

Prior to this, as of 10:55 a.m. local time, the Dow index was recording 44,011.60, up 282.26 points (0.65%) from the previous point. The S&P 500 index recorded 5,995.41, 22.31 points (0.37%) higher than the previous day, and the Nasdaq index recorded 19,257.56, down 11.90 points (0.06%).

According to foreign media and Yonhap News, on this day, the Dow, S&P 500, and NASDAQ broke all-time records for three consecutive trading days. The Dow exceeded the 44,000 mark for the first time, and the S&P 500 surpassed the 6,000 mark 9 months after reaching 5,000. The Nasdaq index broke the 19,000 mark for the first time the previous day and touched a new record today as well.

The Federal Reserve concluded the November meeting of the Federal Open Market Committee (FOMC) the day before and decided to cut interest rates by an additional 25bp as expected. It has been two months since the interest rate cut began with a big cut (50bp cut) in 4 years and 6 months since April 2020 last September. It is also the first two consecutive steps of monetary policy easing since 2020.

The ‘Blue Chip Club’ Dow Index underwent reorganization as of this day. Nvidia, a leader in artificial intelligence (AI), was added to the Dow index instead of Intel, a traditional semiconductor company, and Sherwin Williams, a paint manufacturer with over 150 years of history, replaced Dow, a chemical company.

The stock price of Trump Media & Technology, the parent company of Truth Social, a social media company founded by Trump, closed up 15%. Stock prices jumped again after Trump reaffirmed that he would not sell his stocks.

Accommodation sharing company Airbnb’s stock price fell 8.66% in the aftermath of mixed sales and profits. Image-sharing platform Pinterest’s stock price fell 14% due to disappointing fourth-quarter earnings forecasts. Tesla rose 8.19%, reaching a closing price of $321.

“The S&P 500 is approaching the 6,000 mark, which would be a psychological milestone,” said Clark Zeranen, chief market strategist at Calbay Investments. “There is still a lot of money sitting in cash rather than being invested in money market funds (MMFs) and bonds.” “Investor interest in stocks may increase further,” he predicted.

Barclays strategist Venu Krishna said investors are eager for Trump’s policies focused on domestic growth to be reflected in corporate earnings and stock prices, while also hoping for less regulation compared to the Joe Biden administration. “In fact, it is close to overbought territory,” he said.

In addition to Trump’s election, companies and markets are delighted as the Republican Party, which advocates tax cuts and deregulation, is likely to regain the majority in the Senate and maintain the majority in the House of Representatives for the first time in four years. As of 9:30 a.m. on the 8th, local time, the final confirmed results of the House of Representatives election are 215 seats for the Republican Party and 208 seats for the Democratic Party. The Republican Party needs to secure just three more seats to become the majority party.

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 at the FOMC in December is 67.8%, and the probability of freezing it at the current level (4.50-4.75%) is reflected at 32.2%. Done.

International oil prices fell sharply. The price of West Texas Intermediate (WTI) for December delivery is trading at $70.49 per barrel, 2.58% lower than the previous price, and the price of Brent crude oil for January next year is trading at $73.98 per barrel, 2.18% lower than the previous price.

[저작권자ⓒ 사회가치 공유 언론-소셜밸류. 무단전재-재배포 금지]