[비즈니스포스트] All three major stock market indexes rose in New York. This appears to be due to higher-than-expected US job creation in March and major tech stocks rising.
On the 5th (local time) in the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 38,904.04, up 307.06 points (0.80%) from the previous day.
▲ Traders examine data at the New York Stock Exchange located in New York City, USA on the 5th. <연합뉴스>
The Standard & Poor’s (S&P) 500 index, which focuses on large-cap stocks, rose 57.13 points (1.11%) to 5,204.34, and the Nasdaq index, which focuses on technology stocks, ended trading at 16,248.52, up 199.44 points.
However, all three major stock market indexes fell in New York over the past week.
From the 1st to the 4th, the Dow Jones index fell 2.27%, the S&P 200 index fell 0.95%, and the Nasdaq index fell 0.8%. After showing a downward trend for a week, it rebounded on the 5th.
It was analyzed that the new US employment statistics in March, which were much higher than expected, acted as a positive factor for the stock price rebound.
The US Department of Labor announced on the 5th that the number of new non-farm payrolls increased by 303,000 in March. This is more than 100,000 people more than expected by securities companies.
The favorable employment indicators are considered to be a factor supporting the possibility that the performance of companies listed on the New York Stock Exchange could increase.
Most large technology stocks (Big Tech) also showed an upward trend.
NVIDIA and Meta stock prices closed on the 5th, up 2.45% and 3.21%, respectively, from the previous trading day. Microsoft and Apple also recorded gains of 1.83% and 0.45%.
On the other hand, Tesla, a leading electric vehicle company, slipped $6.21 (3.63%) during the day. As the news of the discontinuation of development of a low to medium priced product called ‘Model 2’ became known, investment sentiment was negatively affected.
International oil prices rose.
On the 5th, at the New York Mercantile Exchange, West Texas Intermediate (WTI) crude oil for April delivery ended trading at $86.91 per barrel, up 0.36% ($0.32) from the previous day.
On the London Futures Exchange, North Sea Brent oil for May delivery also closed at $91.17 a barrel, up 0.57% ($0.52) from the previous day.
Reuters pointed out that oil prices rose amid growing concerns about crude oil supply disruptions as signs of a direct armed conflict between Israel and Iran were seen.
On the 1st, Iran pointed to Israel as the mastermind behind the bombing of its consulate in Syria and announced direct retaliation against Israel. Reporter Lee Geun-ho
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