Apple and Tesla Rebound... New York Stock Market Closes Higher

[Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] The major indices of the New York stock market managed a slight rebound after a sharp drop the previous day.

On the 24th (local time), the Dow Jones Industrial Average closed at 26,815.44, up 52.31 points (0.2%) from the previous session, the S&P 500 rose 9.67 points (0.3%) to 3,246.59, and the Nasdaq index increased by 39.28 points (0.37%) to 10,672.27.

That day, the New York stock market started mixed following the Labor Department's announcement that initial jobless claims rose by 4,000 to 870,000 last week, but it succeeded in closing higher.

The rebound of technology stocks, which had plunged the day before, led the indices. By individual stocks, Apple rose 1%, and Tesla increased 1.95%. Microsoft, Amazon, and other stocks also rose, recovering from the previous day's slump.

The stock price of Nikola, a hydrogen truck company embroiled in fraud allegations, fell nearly 20% intraday but reduced the loss to close down 9%.

As the market stabilized, commodity markets such as gold and oil also showed stability. West Texas Intermediate (WTI) crude oil for November delivery closed at $40.31 per barrel, up 1% ($0.38) from the previous day. Gold for December delivery closed at $1,876.90 per ounce, up 0.5% ($8.50).

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