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Traders are working in the entrance hall of the New York Stock Exchange in the United States. [뉴욕증권거래소 제공. DB 금지] yunhap news
The leading index of the New York Stock Exchange rebounded as the game stop craze subsided.
On the 1st (local time) on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average closed at 30,211.91, up 229.29 points (0.76%) from the battlefield.
The Standard & Poor’s (S&P) 500 index rose 59.62 points (1.61%) from the battlefield to 3,773.86, while the technology stock-oriented Nasdaq index surged 332.70 points (2.55%) to 13,403.39.
The interest of individual US investors, who had driven the game-stop frenzy, turned to silver this time. As a result, the anxiety caused by the sudden fluctuations in the stock price of GameStop and the movie theater chain AMC was relieved somewhat.
Gamestop shares plunged about 31% on the same day, reducing concerns about the expansion of losses in short selling positions. The stock prices of Bed Bath & Beyond, a retailer, and Kos, a headphone manufacturer, fell by 14% and 45%, respectively.
AMC shares closed up 0.3%. Compared to last week, AMC’s stock price has been relatively calm during the intraday.
It seems that some stock trading apps, including Robin Hood, a favorite of ants, significantly limited the purchase of GameStop, which affected the market.
Robin Hood reduced its trading restrictions from 50 to 8 on that day, but GameStop shares are still limited to 4 shares per person. Customers who already have more than 4 shares cannot buy more.
In this situation, the interest of the ants turned to silver.
Silver futures rose 13% during the intraday, hitting a 12-year high as individuals who won hedge funds and short selling wars intensively buy silver to damage the banks that suppress the market.
The news that US President Joe Biden met 10 Republican lawmakers to discuss stimulus measures also served as a good news for the market.
Tesla’s share price, which was heavily invested by Seohak ants, surged 5.83%, and Apple ended up 1.65%.
By industry, all industries rose. Technology stocks rose 2.51% and industrial stocks rose 0.96%.
New York stock market experts diagnosed that the increased volatility around some stocks would not spread to a market-wide crisis.