New York Stock Market Mixed Amid Employment Deterioration... Airbnb Hits Big in Debut Trade

[Asia Economy New York=Correspondent Baek Jong-min]] The New York stock market closed mixed amid worsening employment. Airbnb, debuting in the stock market, surged 112%.

On the 10th (local time), the Dow Jones Industrial Average fell 69.55 points (0.23%) to 29,999.26, the S&P 500 index dropped 4.72 points (0.13%) to 3,668.10, and the Nasdaq index rose 66.85 points (0.54%) to close at 12,405.81.

[Image source=Reuters Yonhap News]

Energy stocks rose 2.93% as oil prices increased on hopes for a COVID-19 vaccine. Chevron rose 3.2%.

West Texas Intermediate crude oil for January delivery next year closed at $46.78 per barrel, up 2.8% ($1.26). Brent crude for February delivery next year surpassed the $50 mark for the first time in nine months since the COVID-19 outbreak.

Technology stocks, which showed weakness the previous day, rose 0.07%. Apple gained 1.2%, while Facebook, which is facing an antitrust lawsuit from the U.S. government, fell 0.29%.

Tesla, which plunged 7% the day before, rebounded 3.7%.

Accommodation sharing company Airbnb, which started trading that day, surged 112% above its IPO price, pushing its market capitalization beyond $100 billion.

Gold for February delivery next year closed at $1,837.40 per ounce, down 0.1% ($1.10).

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