Nasdaq Surpasses 13,000 for the First Time Ever... Tesla Hits $800

[Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] Technology stocks showed strength in the New York stock market, with the Nasdaq index surpassing 13,000 for the first time ever. Electric vehicle maker Tesla's stock price entered the $800 range.

As of 11 a.m. local time on the 7th, the Nasdaq index was trading at 13,030.19, up sharply by 2.25%. The Nasdaq index showed over 1% gains at the market opening and has been expanding its gains since then.

CNBC reported that this is the first time the Nasdaq has broken through 13,000.

Key technology stocks such as Apple, Facebook, Amazon, Netflix, and Alphabet all surged over 2%. Tesla rose nearly 6%, reaching an intraday high of $801.

The Dow Jones Industrial Average also rose 1%, and the S&P 500 index gained 1.6%. The largest U.S. bank JP Morgan Chase surged over 4%, and the pharmacy chain Walgreens Boots Alliance jumped over 5%, driving the Dow index higher.

The sharp rise in the U.S. stock market on this day is interpreted as investor sentiment stabilizing after Congress recognized President-elect Joe Biden's victory and President Donald Trump promised an orderly transition of power.

The Democratic Party secured two seats in the Georgia Senate election, gaining the majority in the Senate, which raised expectations that they could actively pursue additional economic stimulus measures and a $2,000 cash payment.

On the other hand, due to the split in Senate seats, there is speculation that raising corporate taxes will not be easy, which is seen as easing the investment burden on technology stocks.

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