[뉴욕증시] Enhancement of Expectations for Extra Large Support in Blue Wave… Three index’the best ever’

[뉴욕=뉴스핌] Correspondent Kim Min-jung = Major indexes rose to all-time highs on the 7th (local time) in the US New York stock market. As the Democratic Party expanded its dominance in the Senate by winning a runoff vote in Georgia, investors expected to increase the scale of additional stimulus measures for the novel coronavirus infection (Corona 19).

On the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average closed at 31041.13, up 211.73 points (0.69%) from the previous trading day. It was counted as. The NASDAQ composite index, centered on technology stocks, rose 326.69 points (2.56%) to 13,067.48. The three indices, side by side, were the record highs based on the closing price.

The Democratic Party secured two seats in the Senate in Georgia the day before, taking 50 seats in the Senate, a total of 100 seats. Accordingly, the Democratic Party has virtually gained control of the Senate, considering the casting boats exercised by Kamala Harris, who will be inaugurated as vice president from the 20th.

[뉴욕 로이터=뉴스핌] Reporter Won-jin Choi = A pedestrian in Manhattan, New York, USA is passing in front of the New York Stock Exchange (NYSE) building. 2020.11.24

Following the White House, the Democratic Party will take over the Senate and House of Representatives, and President-elect Joe Biden’s policies are expected to gain strength. In particular, the mayor noted that Biden-elect and the Democratic Party have been advocating massive stimulus measures.

“The reflation trade is taking place on the assumption that a more progressive and aggressive fiscal stimulus package could come out,” said Keith Buchanan, portfolio manager at Globealt, told Reuters.

Bank stocks continued their upward trend as interest rates rose with inflation expectations rising. Shares of JP Morgan Chase rose 3.28% on the day, and Wells Fargo and Goldman Sachs also rose 2.26% and 2.19%, respectively.

Investors concluded that the Congressional occupation of President Donald Trump’s supporters in Washington the previous day was not a material that would affect the market in the long run.

Democrats and Republicans are raising voices that they should take President Trump out of the White House right away, asking for responsibility the day before.

Economic indicators were good. The U.S. Department of Labor said last week that the number of new unemployment claims in the U.S. fell to 787,000 for the third consecutive week. However, the number of claims for unemployment benefits in the United States still exceeded the peak during the 2007-2009 crisis, reflecting the severe job search difficulties.

“There will be additional stimulus, so if we miss out on unemployment benefits, it will be less serious,” said Max Gokman, head of asset allocation, Pacific Life Fund Advisor. .

The share price of Plug Power surged 35.11% on the previous day, when SK announced its $1.5 billion investment plan.

Tesla jumped 7.94% as RBC Capital, Wall Street’s leading Tesla bearer, raised its target price from $339 to $700. On this day, Tesla’s market capitalization surpassed Facebook’s intraday.

Twitter, which temporarily blocked President Trump’s account, fell 1.75% on that day. In addition, Apple increased by 3.41% and Amazon.com by 0.76%.

Volatility has subsided. The Chicago Options Exchange (CBOE) Volatility Index (VIX) recorded 22.38, down 10.73% from the previous day.

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