[New York Stock Market] S&P and Nasdaq Hit Record Highs on U.S.-Iran Renegotiation Hopes... Dow Closes Lower

S&P 500 and Nasdaq Hit Record Highs Together
Semiconductor Sector Leads Market... Intel Surges 24%

On the 24th (local time), the New York stock market ended mixed amid renewed expectations for a second ceasefire renegotiation between the United States and Iran.

Traders at the New York Stock Exchange (NYSE) in the United States on the 22nd (local time). Photo by Yonhap News Agency

According to CNBC and other sources, on the New York Stock Exchange (NYSE), the S&P 500 index closed at 7,165.08, up 58.68 points (0.80%) from the previous session. The tech-heavy Nasdaq index rose 398.09 points (1.63%) to close at 24,836.60. Both the S&P 500 and Nasdaq set new all-time highs that day.

In contrast, the Dow Jones Industrial Average fell by 79.61 points (0.16%), closing at 49,230.71.

This day, the New York stock market was influenced by expectations surrounding the upcoming second ceasefire talks between the United States and Iran. Iranian Foreign Minister Abbas Araghchi visited Islamabad, Pakistan, and the White House announced that Steve Witkoff, the White House special envoy for Middle Eastern affairs, and Jared Kushner, President Donald Trump's eldest son-in-law, would travel to Islamabad for talks with Iran.

Islamabad was also the site of the first face-to-face meeting between the United States and Iran, which took place on the 11th and 12th. However, at that time, although the two countries engaged in ceasefire negotiations for 21 hours, they did not achieve any significant results.

The semiconductor sector led the market. The Philadelphia Semiconductor Index (SOX) set a new record for the longest winning streak, rising for 18 consecutive trading days. Intel's share price soared nearly 24% after the company reported first quarter results that exceeded market expectations. Nvidia also climbed 4.3% from the previous day, pushing its market capitalization above 5 trillion dollars (approximately 7,403 trillion won). AMD (13%) and Qualcomm (10%) also closed higher.

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