[뉴욕증시]Bidenpyo’s stimulus package is imminent… S&P·Nasdaq Another new store

(Photo = AP/Yonhap News)

[뉴욕=이데일리 김정남 특파원] The New York stock market rose. The employment index was weaker than expected, but expectations for new stimulus measures raised the index.

S&P·Nasdaq breaks record high

According to Market Point on the 5th (local time), the Dow Jones 30 Industrial Average on the US New York Stock Exchange closed at 31,148.24, up 0.30% from the previous trading day. The Standard & Poor’s (S&P) 500 index closed at 3886.83, up 0.39%. The Nasdaq index, centered on technology stocks, jumped 0.57% to 12,856.30. The S&P and Nasdaq indexes respectively broke new highs.

The three indices rose 3.89%, 4.65% and 6.01%, respectively, this week. It is the highest weekly rise since last November.

The employment indicators released before the opening were below market expectations. According to the Ministry of Labor, last month (January of this year) US non-agricultural jobs increased by 49,000. It fell short of the expert estimates compiled by Dow Jones (an increase of 50,000 people). Bloomberg’s forecast was 105,000. It is an analysis that the rapid re-proliferation of Corona 19 at the end of last year shocked the job market. On this day, the employment index raised expectations as the number of recently released unemployment benefit claims and the ADP National Employment Report were robust, but unexpectedly sluggish.

Bloomberg said, “The employment index was lower than expected,” and “consumption activity is shrinking due to fear of a highly contagious mutant virus.”

Nevertheless, the stock market has not broken since the beginning of the market. The game stop (GME) situation, which raised anxiety last week, has calmed down and has gained momentum, and there is hope that the sluggish employment index can speed up the stimulus package dealt with by Congress.

The New York Times (NYT) said, “The job statistics did not meet expectations. It will affect the discussion of additional $1.9 trillion worth of stimulus in Congress.”

Biden’s stimulus package is imminent.

The pace of the $1.9 trillion stimulus package, led by President Joe Biden, is accelerating. The US Senate and House of Representatives passed a budget resolution today. The budget resolution is a measure that allows Congress to handle stimulus measures using the right to adjust the budget, which only requires a majority agreement. It is possible to process stimulus packages without Republican consent. Democratic House Speaker Nancy Pelosi said, “The goal is to pass it in two weeks.”

The vaccine good news also supported the market. Johnson & Johnson (J&J) has applied for emergency use of the Corona 19 vaccine to the U.S. Food and Drug Administration (FDA). J&J shares rose 1.58% from the previous trading day to $164.45 per share.

Gamestop shares are still fluctuating. It ended at $63.77 per share, soaring 19.58% that day. AMC fell 3.67%. There are observations that the movement of individual investors, centered on Reddit, should be further observed.

The Chicago Options Exchange Volatility Index (VIX), called the Wall Street Fear Index, fell 4.13% to 20.87.

Stock markets in major European countries closed mixed. The UK London stock market’s FTSE100 index closed at 6489.33, down 0.22%. The DAX 30 index on the German Frankfurt stock market fell 0.03%. On the other hand, the CAC 40 index of the Parisian stock market in France closed at 5659.26, up 0.90%.