Dow·S&P breaks record high… Tesla stock price rises by more than 4%

The New York Stock Market rose significantly, fueled by employment indicators released late last week and economic indicators released today.

The Dow Jones 30 Industrial Average and the Standard & Poor’s (S&P) 500 closed at all-time highs.

On the 5th (Eastern Time), the Dow Jones 30 Industrial Average on the New York Stock Exchange (NYSE) ended at 33,527.19, up 373.98 points (1.13%) from the battlefield.

The S&P 500 index rose 58.04 points (1.44%) from the previous length to 4077.91, while the technology stock-oriented NASDAQ index ended at 13,705.59, up 225.49 points (1.67%).

The S&P 500 index broke the 4,000 line for the first time last week, and then again hit an all-time high on this day. The Dow Index also ended at an all-time high.

The market watched the US employment indicators released earlier and the economic indicators released today.

The number of new employment in the non-agricultural sector in the United States in March was 916,000, far exceeding the estimated 675,000 of economists compiled by The Wall Street Journal. New employment in March was the highest since August last year. The March unemployment rate fell to 6.0% from 6.2% of the previous month.

As employment increased significantly in March, concerns over the Corona 19 pandemic were somewhat reduced.

As the US stock market closed on Good Friday on the 2nd, the stock market reflected the employment report late on this day.

As international oil prices fell more than 4% on the day, energy-related stocks were pushed back by 2.4%.

Tesla’s stock price rose more than 4% in the first quarter as vehicle delivery performance exceeded expectations, and GameStop’s stock price ended down 2% on news of a $1 billion increase.

Norwegian Cruises, a cruise ship, surged 7.4% on news that it sent a letter to the US authorities requesting to resume operations from July, and the share price of another cruise ship Carnival also rose 5.8%.

New York stock market experts diagnosed that the indicators are coming out positively as the economy reopens, and related deals are also showing good shape.

“Undoubtedly, the economic resumption deal remains in good shape,” said Hans Olsen, Chief Investment Officer of Fiduciary Trust.

According to the Chicago Merchandise Exchange (CME) Fed Watch, the Federal Fund (FF) interest rate futures market reflects the possibility of a 25bp base rate hike in September by 4.5%.

On the Chicago Options Exchange (CBOE), the volatility index (VIX) rose 0.58 points (3.35%) from the battlefield to 17.91.

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