On the 25th (US time) on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average closed at 32,619.48, up 199.42 points (0.62%) from the previous day. The Standard & Poor’s (S&P) 500 index rose 20.38 points (0.52%) to 3909.52, while the technology stock-oriented NASDAQ index rose 15.79 points (0.12%) to 12,977.68.
Expectations for economic recovery have increased due to improvements such as the number of US weekly unemployment insurance claimants falling to the lowest level since the pandemic. The Ministry of Labor announced last week that the number of unemployment insurance claims fell 97,000 from the previous week to 684,000 (seasonal adjustment). It was significantly below the estimated 735,000 people compiled by the Wall Street Journal. It is the first time since the pandemic that the number of unemployment insurance claims has fallen to 600,000.
In addition, the US Department of Commerce also announced that the final GDP growth rate (seasonally adjusted value) in the fourth quarter of last year was calculated at an annual rate of 4.3% compared to the previous year. It was higher than the preliminary and market estimate of 4.1% previously announced.
The beneficiaries of economic resumption and others were strong in this impact. American Airlines and United Airlines rose more than 4%.
In addition, GameStop, a video game retailer, soared more than 52%. GameStop fell close to 34% on the previous day’s sluggish earnings.
Meanwhile, the volatility index (VIX) on the Chicago Options Exchange (CBOE) recorded 19.81, down 6.56% from the previous trading day.
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