New York Stock Market Weakens Ahead of Earnings from Key Tech Stocks Including Apple

[Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] The major indices of the New York stock market all turned to a decline.

On the 26th (local time), the Dow Jones Industrial Average fell 22.96 points (0.07%) to close at 30,937.04, the S&P 500 index dropped 5.74 points (0.15%) to 3,849.62, and the Nasdaq index fell 9.93 points (0.07%) to close at 13,626.06.

The market focused on Apple, Tesla, and Facebook, which are scheduled to announce earnings the next day. Apple's stock price entered the historically high $140 range and, although the upward momentum slowed, it remained strong.

Microsoft saw a 17% increase in sales and was evaluated as having strong earnings, rising 4% in after-hours trading. Starbucks turned weak in after-hours trading following its earnings announcement.

Market attention is concentrated on small and mid-cap stocks whose prices surged sharply despite short selling, driven by individual investors. GameStop surged 92% again on the day, and low-priced stocks such as AMC, BlackBerry, Bed Bath & Beyond, and Nokia saw large trading volumes, ranking high in trading volume.

March delivery West Texas Intermediate (WTI) crude oil closed at $52.61 per barrel, down 0.3% ($0.16) from the previous day. February delivery gold closed at $1,850.90 per ounce, down 0.2% ($4.30).

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