[속보]U.S. New York stock market, Dow-S&P again hit record high, gains narrowed due to profit selling in the afternoon

NVIDIA 2.0%, Microsoft 0.1%, Amazon.com 0.3%, Meta 0.01%,
Broadcom rose 3.6%, AMD rose 0.6%, and ARM rose 1.8%. In comparison, Apple rose 0.07%.
Google’s Alphabet fell 1.2%, Tesla fell 0.5%, and Netflix fell 1.8%.

▲The U.S. New York stock market continues its upward trend from the previous day on the 17th (local time), but its range is decreasing in the afternoon. The photo shows the interior of the New York Stock Exchange (NYSE)/provided by Yonhap News.

[소셜밸류=김완묵 기자] While the New York stock market is continuing its upward trend from the previous day, the rate of increase is decreasing in afternoon trading. But in the morning The Dow Jones Industrial Average and Standard & Poor’s (S&P) 500 Index again set new all-time highs.

The European Central Bank’s (ECB) decision to cut the benchmark interest rate, the good performance of <a href="https://www.world-today-news.com/nvidia-zive-cz-can-significantly-interfere-in-the-duel-between-amd-and-intel/" title="Nvidia – Živě.cz can significantly interfere in the duel between AMD and Intel”>TSMC, the world’s largest semiconductor consignment manufacturer, and new economic indicators showing a decrease in the number of unemployed and an improvement in consumption acted as positive news on this day, but profit margins also appear to be increasing.

As of 2:45 p.m. on the New York Stock Exchange (NYSE) on the 17th (local time), the Dow index is at 43,233, up 156 points (0.36%) from the previous level.

The S&P 500 index stands at 5,846, up 3 points (0.06%) from the previous day, and the Nasdaq Composite Index, centered on technology stocks, stands at 18,397, 30 points (0.16%) higher than the previous day. The Philadelphia Semiconductor Index is at 5,240, up 84 points (1.64%) from the previous day.

Major stocks include Nvidia rising 2.0%, Microsoft 0.1%, Amazon.com 0.3%, Meta 0.01%, Broadcom 3.6%, AMD 0.6%, and ARM rising 1.8%. In comparison, Apple is down 0.07%, Google’s Alphabet is down 1.2%, Tesla is down 0.5%, and Netflix is ​​down 1.8%.

On this day, U.S. Treasury yields showed an upward trend. As of 2:29 p.m. local time, the 10-year yield is at 4.096%, up 0.081 percentage points (8.1 bp) from the previous day, and the 2-year yield is at 3.980%, up 0.045 percentage points (4.5 bp) from the previous day.

As of 11:30 a.m. local time, the Dow index was recording 43,214, up 136 points (0.32%) from the previous level.

The S&P 500 index was at 5,855, up 13 points (0.23%) from the previous day, and the NASDAQ composite index centered on technology stocks was at 18,442, 74 points (0.41%) higher than the previous day. The Philadelphia Semiconductor Index was recording 5,273, up 117 points (2.28%) from the battlefield.

Major stocks included Apple up 0.1%, Nvidia 2.7%, Microsoft 0.1%, Amazon.com 0.1%, Meta 0.2%, Broadcom 3.7%, AMD 0.9%, and ARM up 2.4%. In comparison, Google’s Alphabet was down 0.7%, Tesla was down 0.8%, and Netflix was down 1.0%.

Prior to this, as of 10:30 a.m. local time, the Dow index was recording 43,178.98, up 101.28 points (0.24%) from the previous level. The S&P 500 index was at 5,857.55, up 15.08 points (0.26%) from the previous day, and the NASDAQ composite index centered on technology stocks was at 18,443.31, 76.23 points (0.42%) higher than the previous day.

According to foreign media and Yonhap News, market participants on this day paid attention to the ECB interest rate cut decision, TSMC’s surprise performance, and improved economic indicators.

At the monetary policy meeting held on this day, the ECB decided to lower the three key interest rates by 25bp (1bp=0.01%) each. Accordingly, the deposit interest rate, which serves as the base interest rate, was lowered from 3.50% to 3.25%. The ECB’s actions have strengthened expectations for a further interest rate cut by the U.S. Federal Reserve in November.

The number of new weekly unemployment insurance claimants announced by the U.S. Department of Labor was 241,000, a decrease of 19,000 from the previous month. The number that had surged in the previous week turned into a decline and was in line with market expectations. In addition, retail sales in the United States in September increased by 0.4% from the previous month and 1.7% from the same period last year to $714.4 billion, exceeding market expectations (up 0.3%) and continuing the trend of improvement. Today’s indicators helped dispel concerns about a worsening job market and economic recession.

TSMC cleared the shadow that had been cast on the artificial intelligence (AI) semiconductor market with strong performance that exceeded market expectations. TSMC, a Taiwanese company whose customers include NVIDIA and Apple, recorded net profit of NT$325.3 billion ($10.1 billion) in the third quarter (July-September), a 54% increase compared to the same period last year. It significantly exceeded market expectations of NT$300 billion.

The earnings per share (EPS) of TSMC stock listed on the U.S. stock market was $1.94, exceeding market expectations ($1.79). TSMC stock price is trading at the $207 level, up more than 10% from the previous day. Encouraged by TSMC’s performance, AI semiconductor stocks all gained upward momentum. Nvidia, Broadcom, Micron Technology, and Arm rose by 2-3%, and AMD rose by nearly 1%.

“TSMC’s performance showed very strong demand for AI chips,” said Mark Lee, an analyst at investment firm Bernstein. “Demand for non-artificial intelligence (AI) semiconductors may not be as great, but it will be better than feared.”

American electric vehicle startup Lucid’s stock price plunged more than 18% after announcing that it planned to publicize more than 262.5 million shares of common stock to overcome its financial crisis.

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 90.9%, and the probability of freezing it is 9.1%.

International oil prices also showed an upward trend. The price of West Texas Intermediate (WTI) crude oil for November delivery is trading at $70.54 per barrel, up 0.21% from the previous session, and the price of Brent crude oil for December delivery is trading at $74.33 per barrel, up 0.15% from the previous session.

[저작권자ⓒ 사회가치 공유 언론-소셜밸류. 무단전재-재배포 금지]