[Breaking] New York Stock Market Closes Higher... Nasdaq Up 1.08%
[Asia Economy New York=Special Correspondent Joselgina] Major indices of the U.S. New York Stock Exchange closed higher on the 28th (local time) despite the second-quarter Gross Domestic Product (GDP) growth rate recording consecutive negative figures.
On this day, the Dow Jones Industrial Average closed up 1.02% compared to the previous session. The large-cap-focused S&P 500 index rose 1.21%, and the tech-heavy Nasdaq index closed up 1.08%.
Hot Picks Today
![About 100 Trillion Won at Stake... "Samsung Strike Is an Unprecedented Opportunity" as Prices Surge 20% [Taiwan Chip Column]](https://cwcontent.asiae.co.kr/asiaresize/93/2026051416263163580_1778743590.jpg)
About 100 Trillion Won at Stake... "Samsung Strike Is an Unprecedented Opportunity" as Prices Surge 20% [Taiwan Chip Column]
- "Anyone Who Visited the Room Salon, Come Forward"… Gangnam Police Station Launches Full Staff Investigation After New Scandal
- "Envious of Korean Daily Life"...Foreign Tourists Line Up in Central Myeongdong from Early Morning [Reportage]
- Woman in Her 50s Found Dead 28 Days After Going Missing on Bukhansan Mountain
- "Heading for 2 Million Won": The Company the Securities Industry Says Not to Doubt [Weekend Money]
This upward trend is analyzed as a result of increased recession concerns, leading to heightened bets that the central bank, the Federal Reserve (Fed), will soon slow down its pace of tightening.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
