Nasdaq Approaches 11,000 Mark... Disney Rises Despite Earnings Decline (Comprehensive)

[Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] The Nasdaq index in the New York stock market has closely approached the 11,000 mark. Gold has surpassed $2,000 per ounce for the first time in history.

On the 4th (local time), the Dow Jones Industrial Average rose 164.07 points (0.62%) to close at 26,828.47, the S&P 500 index increased by 11.90 points (0.36%) to 3,306.51, and the Nasdaq index closed at 10,941.17, up 38.37 points (0.35%).

By individual stocks, Kodak, which surged short-term on the positive news of entering the pharmaceutical business, saw its stock price weaken by about 2% after the U.S. Securities and Exchange Commission (SEC) announced it would investigate possible insider information leaks.

Electric truck maker Nikola, which announced its second-quarter earnings after market close, is down 9% in after-hours trading due to widening losses. Disney, burdened with negative factors such as movie releases and production halts, and theme park closures, reported a second-quarter loss of $5 billion. However, despite the poor earnings, Disney's stock is rising in after-hours trading, buoyed by the milestone of surpassing 100 million subscribers on the Disney+ channel and the announcement of additional streaming service launches.

International gold prices surpassed $2,000 per ounce for the first time in history. December delivery gold closed at $2,021 per ounce, up 1.7% ($34.70) from the previous day. This is the first time gold prices have closed above $2,000 per ounce.

News that the U.S. government and Congress have yet to reach an agreement on a stimulus bill further fueled the rise in gold prices.

September delivery West Texas Intermediate (WTI) crude oil closed up 1.68% ($0.69) at $41.70 per barrel.

This content was produced with the assistance of AI translation services.