Federal Open Market Committee (FOMC) minutes released tomorrow
The New York stock market closed higher. [게티이미지뱅크]
The New York stock market rebounded ahead of the Thanksgiving holiday.
On the 22nd (local time) on the New York Stock Exchange (NYSE), the Dow closed trading at 34,098.10, up 397.82 points (1.18%) from battleground. The Standard & Poor’s (S&P) 500 index, focused on large caps, closed at 4003.58, a high of 53.64 points (1.36%), and the Nasdaq index, focused on technology stocks, rose by 149.90 points (1.36%) to 11,174.41 respectively.
Technology stocks, in particular, were strong. Nvidia finished up 4.71%, Apple up 1.47%, Alphabet up 1.52% and Microsoft up 1.23%, respectively.
The joys and sorrows of EV escorts were mixed. Tesla was up 1.22% and Rivian was up 1.83%, but Nikola was down 9.09% and Lucid was down 1.75%, respectively. Investor sentiment appears to have suffered as Nikola scaled back its fueling plan due to financial difficulties.
US retail earnings surged ahead of Black Friday at the end of the year. In particular, Best Buy, Dick’s Sporting Goods and Abercrombie & Fitch reported positive results. Seo Sang-young, researcher at Mirae Asset Securities, explained, “Thanks to the expectations of a year-end rally, the US stock market rose and semiconductor companies showed strength. This should have a positive impact on the Korean stock market. . ”
International oil prices closed higher after 5 trading days. On the New York Mercantile Exchange, the price of West Texas Intermediate (WTI) for delivery in January next year closed at $80.95 a barrel, up 1.14% from the previous trading day.
Meanwhile, investors are also paying attention to the minutes of the November Federal Open Market Committee (FOMC) meeting which will be released tomorrow. Markets worry that even if the pace of the Fed’s rate hikes slows, the final rate could be higher than expected. “Given the high level of inflation, restoring price stability remains a top priority for the Federal Open Market Committee (FOMC),” said Loretta Mester, president of the Cleveland Federal Reserve Bank.
Reporter Hong Da-won [email protected]
