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US New York stock market, Dow and S&P rise despite interest rates, Nasdaq falls due to sluggish technology stocks

NVIDIA 2.5%, Microsoft 0.1%, Amazon.com 0.3%, Meta 1.1%,
Google’s Alphabet fell 1.7%, compared to Apple’s 0.1%, Tesla’s 3.7%,
Netflix rose 0.3%, AMD rose 0.1%, ARM rose 0.8%

▲On the 22nd (local time) in the New York stock market, the Dow Index is showing a strong upward trend like the previous day. The photo shows the New York Stock Exchange in the U.S./provided by Yonhap News.

[소셜밸류=김완묵 기자] As in the previous day, the New York stock market in the United States, led by the Dow, all turned to an upward trend, but then returned to a mixed trend. At the beginning of the market, there were concerns about the weakening of technology stocks, including Nvidia, but the emergence of good economic indicators appears to have somewhat moved investor sentiment in a positive direction.

As of 11:27 am on the New York Stock Exchange (NYSE) on the 22nd (local time), the Dow Jones Industrial Average is recording 44,107, up 236 points (0.54%) from the previous level.

The Standard & Poor’s (S&P) 500 index is at 5,955, up 6 points (0.11%) from the previous day, and the Nasdaq Composite Index, centered on technology stocks, is at 18,927, 44 points (0.24%) lower than the previous day. The Philadelphia Semiconductor Index is at 4,922, down 40 points (0.81%) from the previous day.

Major stocks include Nvidia down 2.5%, Microsoft 0.1%, Amazon.com 0.3%, Meta 1.1%, and Google’s Alphabet down 1.7%. In comparison, Apple is rising 0.1%, Tesla is rising 3.7%, Netflix is ​​rising 0.3%, AMD is rising 0.1%, and ARM is rising 0.8%.

U.S. Treasury yields are showing mixed trends today without a clear direction. As of 11:09 a.m. local time, the 10-year yield is at 4.414%, down 0.018 percentage points (1.8 bp) from the previous day, and the 2-year yield is at 4.371%, up 0.022 percentage points (2.2 bp) from the previous day.

Prior to this, as of 10:30 a.m., the Dow Jones Industrial Average was recording 44,038.04, up 167.69 points (0.38%) from the previous level. The Standard & Poor’s (S&P) 500 index stood at 5,949.31, up 0.60 points (0.01%) from the previous day, and the Nasdaq Composite Index, centered on technology stocks, stood at 18,911.60, down 60.82 points (0.32%) from the previous day.

According to foreign media and Yonhap News, the economic indicators released today were relatively encouraging. The November manufacturing purchasing managers’ index (PMI) announced by Standard & Poor’s (S&P) Global was 48.8, an improvement from the previous month (48.5) and the highest in four months. It also met market expectations (48.8). However, the figure was below 50, showing that the manufacturing industry is still in a contraction phase. The service industry PMI in November was 57.0, the highest in 32 months. It also exceeded market expectations (55.2).

The consumer sentiment index, which reflects consumers’ confidence in the U.S. economy, continued to improve for four consecutive months. According to the University of Michigan, the consumer sentiment index in November was 71.8, up 1.8% from the previous month and 17.1% from the same period last year. The expected inflation value in November was 2.6%, lower than the previous month (2.7%). It is the lowest value in about four years since December 2020.

The stock price of Gap, a clothing company that announced its earnings after the market closed the previous day, is rising sharply by 7%. Gap, which is said to have achieved a successful turnaround, is believed to have raised its stock price by raising its performance outlook ahead of the end of the year after revealing good third-quarter earnings that easily exceeded market expectations for both sales and net profit.

Amazon’s stock price fell somewhat after announcing plans to invest an additional $4 billion in Open AI’s biggest competitor, Antropic. Sarah Malik, Chief Investment Officer (CIO) of Nuveen Asset Management, said, “I think the market is gradually stabilizing,” and commented that the excitement immediately following the presidential election has subsided, and reactions to Nvidia’s performance are also subsiding.

As the selection of the Treasury Secretary, who will oversee the economic policy of the second term of Donald Trump’s administration, is going through difficult times until the last minute, according to the news that day, former Federal Reserve Director Kevin Warsh has emerged as a strong candidate. Some media outlets reported that there is a possibility that Trump will appoint Wash as Treasury Secretary and then appoint him as Jerome Powell’s successor after the expiration of Federal Reserve Chairman Jerome Powell’s term in 2026.

Other final candidates include Mark Rowan, CEO of asset management firm Apollo Global Management, and Scott Bessent, founder of global investment firm Key Square Group. Trump re-nominated Pam Bondi, the first female prosecutor general in Florida, after ultra-conservative Congressman Matt Gates, whom he had first nominated as attorney general for his second term, voluntarily withdrew from the candidacy due to strong backlash from the Democratic Party, as expected.

Market participants are also mindful of the ongoing physical conflict between Russia and Ukraine, exchanging mid-to-long-range missile attacks. In addition, attention is being paid to the direction of the Federal Reserve’s monetary policy.

According to the FedWatch tool of the Chicago Derivatives Exchange Group (CME Group), there is a 56.2% probability that the Federal Reserve will further cut the benchmark interest rate by 25bp (1bp=0.01%) in December, and the probability of freezing it at the current level (4.50-4.75%) is 56.2%. was reflected at 43.8%.

International oil prices showed an upward trend. The price of West Texas Intermediate (WTI) crude oil for delivery in January next year is trading at $70.87 per barrel, up 1.10% from the previous price, and the price of Brent crude oil for delivery in January next year is trading at $74.85 per barrel, 0.84% ​​higher than the previous price.

[저작권자ⓒ 사회가치 공유 언론-소셜밸류. 무단전재-재배포 금지]

US New York stock market, Dow and S&P rise despite interest rates, Nasdaq falls due to sluggish technology stocks

**What specific economic factors, beyond the positive indicators mentioned ‌in the article, could be driving the divergence in performance between the Dow‌ Jones and the Nasdaq Composite Index?**

‌ Okay, ⁢here’s a structure for an interview about the ⁤provided news story.

## World Today News: Interview – Stock ​Market Fluctuations

**Host:** Welcome⁣ to ⁢World Today News! Today, we’re discussing the recent ⁢fluctuations in the US stock market and ⁣what factors might be ⁤driving these ‌shifts.‍ Joining us are [Guest 1 Name] , [Guest 1 Expertise/Affiliation] and [Guest 2 Name], [Guest 2 Expertise/Affiliation]. ⁤Welcome both!

**Section 1: Overall Market Trends ​(5-7 Minutes)**

* **Host:** The article highlights a mixed performance in the New‌ York Stock market, with the Dow Jones showing a strong upward trend while the Nasdaq Composite Index faltered. [Guest 1], what’s your overall⁤ assessment of these trends, and what⁣ might be contributing to this mixed bag?

* **Host:** ⁤ [Guest 2], the article mentions notable fluctuations in the ⁤Dow⁣ Jones Industrial Average, the S&P 500, and the Nasdaq. Can⁤ you elaborate on the significance of these indices and what these movements might indicate about the ‌overall health ​of the economy?

**Section 2: Tech Sector Performance‍ (5-7 Minutes)**

* **Host:** Let’s​ shift the focus to‍ the⁣ tech sector. We see big‌ names like Nvidia and Alphabet⁢ experiencing declines, while⁢ Tesla​ is seeing a surge. [Guest 1], what factors might be influencing these contrasting performances within the tech sector?

* ​**Host:** [Guest 2], should investors be​ concerned about the dip⁢ in tech‍ stocks like Nvidia and Alphabet? Or are these short-term fluctuations with potential for recovery?

**Section 3:‍ Economic Indicators & Sentiment (5-7 ⁤Minutes)**

* **Host:** The article⁤ cites⁣ some⁤ positive economic⁣ indicators, including the manufacturing and ‌service industry PMIs and an improvement in the consumer ‌sentiment index. [Guest 2] , ‍how much weight⁢ should we give these indicators in⁢ predicting future market behavior?

* **Host:** [Guest 1], are there any potential downsides or risks that could overshadow ⁤these positive indicators and potentially impact the‌ stock market ‌in the near future?

**Section 4: Influence of Global Events (5-7 Minutes)**

* **Host:** The ongoing conflict​ between Russia and Ukraine​ is mentioned as a factor influencing ‌market sentiment. [Guest 2], how significant an⁢ impact do geopolitical events like this have on the global stock market?

* **Host:** [Guest 1], looking ahead to the ⁤future, what other global events ⁣or trends should investors be‍ keeping a ⁣close eye on?

**Section 5: Concluding ​Thoughts & Advice (3-5 Minutes)**

* **Host:** Both of you have provided insightful perspectives on today’s market activity. To wrap ⁤things up, what is your key takeaway for our viewers regarding navigating⁢ this ecosystem of fluctuating indices‌ and market sentiment?

* **Host:** Any final advice⁤ for individual ⁢investors seeking to make informed decisions in these times of uncertainty?

* **Host:**⁢ Thank you both for joining us today and sharing your expertise!

**Notes:**

* Make sure to ​encourage⁣ conversational ​flow between the guests.

* Don’t be ​afraid to delve deeper into topics that spark interesting discussion.

* Keep the⁣ audience engaged by asking questions ‍that relate to their ​concerns and financial well-being.

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