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New York Stock Market Soars with All Major Indices Closing Higher: Analysis and Outlook

[비즈니스포스트] The major indices of the New York stock market all closed higher.

At the New York Stock Exchange (NYSE) on the 19th local time, the Dow Jones Industrial Average closed at 37,863.80, up 395.19 points (1.05%) from the previous day.

▲ On the 19th, all major New York stock market indices closed with significant gains.

The Standard & Poor’s (S&P) 500 index, centered on large-cap stocks, closed at 4,839.81, up 58.87 points (1.23%), and the Nasdaq index, centered on technology stocks, closed at 15,310.97, up 255.32 points (1.7%).

As a result, the S&P 500 index broke its highest price in two years. This is the first time that the closing price exceeded 4800.

The New York stock market continues to rise, led by large-cap stocks. As the stock prices of companies such as TSMC and Apple rebounded thanks to expectations for artificial intelligence (AI), it is analyzed that enthusiasm is spreading throughout the stock market.

Nvidia’s stock price closed higher by 4.17%, while Alphabet (2.02%), Microsoft (1.22%), and Amazon (1.20%) closed higher.

In particular, the rising trend of the semiconductor industry is attracting attention. In addition to Nvidia, AMD (7.11%) and Qualcomm (4.59%) stock prices rose significantly.

U.S. economic indicators also appear to be improving.

The University of Michigan’s consumer sentiment index in January was 78.8, a significant increase from the previous month’s value (69.7).

Expected inflation for one year also eased to 2.9% compared to the previous month (3.1%). The five-year long-term expected inflation was 2.8%, a slight decrease from the previous month (2.9%).

International oil prices fell slightly.

On the 19th, on the New York Mercantile Exchange, the price per barrel of West Texas Intermediate (WTI) for March delivery closed at $73.25, down 0.94% from the previous day.

The price of Brent crude oil also closed at $78.56, down 0.68%. Reporter Kim Tae-young

2024-01-21 02:47:29
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