[뉴욕증시] Debt ceiling deal expectations are rising all at once… Nasdaq 2.19% ↑
The major indexes of the New York Stock Exchange all rebounded at once. This is because expectations are growing that the debt ceiling negotiations will reach an agreement.
On the 26th (local time) on the New York Stock Exchange (NYSE), the Dow Jones Industrial Average finished 30 trading at 33,093.34, up 328.69 points (1.00%) from the battlefield.
The Standard & Poor’s (S&P) 500 Index closed at 4205.45, up 54.17 points (1.30%) from the battleground, and the Nasdaq Index at 12,975.69, up 277.59 points (2.19%) from the battleground, respectively.
The S&P 500 and Nasdaq indexes hit new highs since August last year. The S&P 500 index has crossed the 4200 mark since August last year.
On this day, investor sentiment regained as expectations grew that the debt consolidation talks had reached the final stage.
CNBC reported, citing sources, that the White House and Republicans are close to agreeing on a plan to raise the debt ceiling for two years.
The New York Times (NYT) also reported that an opinion was reached on a plan to raise the debt ceiling and limit all federal government spending except for defense and veterans for two years.
However, the inflation index published on the day acted as a factor that limited further progress in the stock market. There is also the worry that the US central bank (Fed) may take additional action in June due to still high inflation after the uncertainty of the debt ceiling is resolved.
Excluding volatile energy and food, April’s core Personal Consumption Expenditure (PCE) price index rose 0.4% from the previous month. Compared to the same period last year, it increased by 4.7%. This beat the 0.3% and 4.6% rise expected by analysts compiled by the Wall Street Journal (WSJ).
According to stock, Nvidia’s stock price, which rose more than 20% the previous day, rose more than 2%. Tech stocks also rose along with Nvidia’s strong performance. Big tech stocks like Apple (NASDAQ:) (1.41%) Microsoft (2.14%) Alphabet (0.87%) Amazon (NASDAQ:) (4.44%) Meta (3.7%) all rose at once.
Shares of software maker Workday rose more than 10 percent after announcing better-than-expected earnings.
On the other hand, shares of Ulta Beauty, a beauty products seller, fell more than 13% despite the announcement of better than expected earnings. Due to the fact that the average selling price per person fell for the first time in five years, it did not shine even in a good performance.
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