Micron’s Stellar Performance Sends Shockwaves: How the NYSE Reacts to Surging Stock Prices

◀ Anchor ▶

This time, let’s connect with Shinyoung Securities and learn about the New York stock market overnight.

Caster Ahn Ye-eun.

◀ Ye-eun Ahn/Shinyoung Securities ▶

This is Shinyoung Securities.

All three major New York Stock Exchange indices rose.

The Dow and Nasdaq rose 0.6%, and the S&P 500 rose 0.4%.

In particular, the Dow and S&P 500 indices again reached record highs.

Good economic indicators served as positive news.

According to the U.S. Department of Labor, the number of new weekly unemployment insurance claimants fell by 4,000 from the previous week, falling short of market expectations.

Investors were encouraged by the fact that the job market was strong.

The U.S. second quarter GDP growth rate was also confirmed to be 3.0% compared to the previous quarter, significantly improving compared to the previous first quarter.

In the stock market, semiconductor stocks stood out.

‘Micron Technology’, which announced good performance, rose 14.7%, and ‘AMD’ also showed a rise of 3.3%. On the other hand, Tesla, which had recently soared, fell 1%.

International oil prices ended in a sharp decline.

As Saudi Arabia and Libya announced plans to increase production, West Texas crude oil fell 2.9% to the $67 per barrel level.

The recently released ‘economic indicators’ of the United States are generally filled with good content.

However, it seems important to keep in mind that inflationary pressures may increase as ‘economic boom’ and ‘price stability’ are difficult to coexist.

From this perspective, we should take a close look at the August ‘Personal Consumption Expenditure Prices’, which will be announced tonight our time.

Until now, it was Shinyoung Securities.

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