A trader works at the entrance hall of the New York Stock Exchange (NYSE) on the 24th (local time). yunhap news
On the last day of January, the New York Stock Exchanges in the United States rose all at once and turned around from the continuing downtrend.
The three major indices of the New York Stock Exchange (NYSE) closed the market on the 31st (Eastern Time).
The Dow Jones Industrial Average closed at 35,131.86, up 406.39 points (1.17%) from the previous day. The Standard & Poor’s (S&P) 500 index rose 83.70 points (1.89%) to 4,515.55, and the Nasdaq index, centered on technology stocks, recorded 14,239.88, up 469.31 points (3.41%) from the battlefield.
Although the New York stock market showed an increase for the first time in a long time today, investors are watching the pace of tightening by the Federal Reserve (Fed) this year, interest rates on government bonds, and earnings announcements by companies.
In January, the New York Stock Exchange was in a downtrend. The S&P 500 index fell 5.3%, the biggest decline since March 2020 (12.5%↓), while the Dow and Nasdaq indexes fell 3.3% and 8.9% during the same period.
Among individual stocks on the same day, stock prices of Netflix and Spotify rose more than 11% and 13%, respectively. The two companies were affected by the upgrade of Citigroup’s investment rating from Neutral to Buy.
Tesla, which went down to the $800 level, rose more than 10% and crossed the $900 level again. The stock prices of new electric car makers Rivian and Lucid also rose by more than 15% and more than 8%, respectively.
Boeing jumped more than 5% on the news that it had signed a large-scale aircraft contract with Qatar Airways.
All 11 sectors of the S&P 500 rose. Consumer discretionary and technology-related stocks led the rise, rising more than 3% and 2%, respectively.
