New York Stock Market Units Changed... Nasdaq Surpasses 13,000 for the First Time Ever

[Asia Economy New York=Correspondent Baek Jong-min] The three major indices of the U.S. New York stock market all broke their all-time records one after another on the 7th (local time).

[Image source=AP Yonhap News]

On the 7th (local time) in the New York stock market, the Dow Jones Industrial Average rose 211.73 points (0.69%) from the previous session to close at 31,041.13, the S&P 500 index rose 56.55 points (1.48%) to 3,803.79, and the Nasdaq index rose 326.69 points (2.56%) to close at 13,067.48.

On that day, the Dow and Nasdaq both achieved a new milestone by closing above 31,000 and 13,000 for the first time ever, respectively. The S&P 500 index also surpassed the 3,800 mark at closing for the first time.

The U.S. stock market was largely unaffected by the Capitol riot incident the day before, and as the certification of President-elect Joe Biden was completed and President Donald Trump announced his intention to transfer power, the gains further increased.

The sharp rise in the stock market that day was also interpreted as investors welcoming the Democratic Party winning both Senate runoff seats in Georgia, becoming the majority party in the Senate. Although there had been concerns about increased regulation and tax hikes, the market reflected greater expectations for expanded fiscal spending.

In particular, Tesla, expected to benefit from eco-friendly policies, surged nearly 8%, breaking the $800 mark for the first time ever, which was attributed to policy issues.

Apple, which had fallen due to concerns about deregulation, rose 3.4%. Bank stocks also rose significantly, with JPMorgan Chase up 3.2%, and the pharmacy chain Walgreens Boots Alliance showing a surge of over 5%.

February delivery West Texas Intermediate (WTI) crude oil closed at $50.83 per barrel, up 0.4% ($0.20) from the previous day. February delivery gold closed at $1,913.60 per ounce, up 0.3% ($5).

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