New York Stock Exchange News Overnight: A Sharp Rise in Major Indexes

Let’s connect to Shinyoung Securities and find out about the New York Stock Exchange news overnight. Caster Ahn Ye-eun, please tell us.

This is Shinyoung Securities. The three major indexes on the New York Stock Exchange rose sharply. The Dow Jones Industrial Average rose 1.2%, while the S&P 500 and Nasdaq rose 1.7% and 2.5%, respectively.

The Fed’s interest rate cut brought a tailwind, and the improved U.S. weekly employment figures that came out that day also had a positive effect on the stock market. According to the U.S. Department of Labor, initial unemployment claims in the U.S. fell by 12,000 last week from the previous week, the lowest number in four months.

Stocks rose sharply as the job market was not bad and the fact that the Fed cut interest rates by half a percentage point was interpreted as positive news. Looking at each stock, Tesla soared 7.3%, and Nvidia also rose 3.9%. Apple, which is set to release a new product, also rose 3.7%.

The stock market, which had reacted stingily to the Fed’s rate cut, changed its evaluation in one day. This is thanks to the positive employment indicators, and the future direction of the stock market is also expected to be determined by the contents of economic indicators.

Since the Fed’s interest rate decision is ultimately influenced by the ‘economy’, it is expected that the ‘economy’ will have a greater impact on the stock market than ‘interest rates’. This was Shinyoung Securities.

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