Apple Targets Record High, D-RAM Stocks Plummet... Major NY Stock Indexes Rise Together

[Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] Major indices on the U.S. New York stock market all rose. The Dow Jones and S&P 500 indices once again hit record highs.

On the 12th (local time), the Dow Jones rose 0.04% to close at 35,499.85, the S&P 500 increased 0.3% to 4,460.83, and the Nasdaq surged 0.35% to 14,816.26.

Apple led the overall market trend with a 2% rise. Apple reached $148, approaching an all-time closing high.

Electric vehicle maker Tesla also rose 2%.

DRAM manufacturer Micron Technology plunged 6% due to Morgan Stanley's downgrade of its investment rating. Although not a memory semiconductor, Intel also showed a 1% decline.

The energy sector weakened following news that the White House requested OPEC to increase crude oil production.

Palantir surged 11% amid evaluations that its quarterly earnings exceeded expectations.

Coinbase, which had risen alongside Bitcoin's strength, fell 7% on the day.

Coupang plunged 8.5% amid evaluations that its earnings fell short of expectations. Coupang's stock price has dropped 13% over the past five days.

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