(Photo = AP = Yonhap News)
In the New York Stock Exchange last night, the leading index rose on the back of positive economic indicators.
On the 5th (local time) on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average ended at 33,527.19, up 373.98 points (1.13%) from the battlefield.
The Standard & Poor’s (S&P) 500 index rose 58.04 points (1.44%) from the battlefield to 4077.91, while the NASDAQ index ended at 13,705.59, up 225.49 points (1.67%).
The Dow Jones 30 Industrial Average and the S&P 500 closed at all-time highs.
It is interpreted that the stock market has risen significantly, fueled by the employment indicators released late last week and the economic indicators released on the same day.
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 (WSJ). 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.
Other economic indicators are also generally positive. The final value of the service industry purchasing managers index (PMI) for March announced by Markit was 60.4, up from 59.8 last month. The service industry PMI for March announced by the Supply Management Association (ISM) was 63.7, significantly exceeding both the expert estimate of 59.2 and 55.3 of the previous report.
Kim Yu-mi, a researcher at Kiwoom Securities, said, “The US S&P 500 and the Dow Index have hit record highs thanks to the strong employment report in March. The stability of the intraday US long-term interest rate is favorable to the technology stock price trend on this day, despite the strong employment report. It was reflected as “he said.
On this day, large technology stocks each showed a strong share price trend, reflecting positive materials.
Alphabet rose by 4.19%, winning the final victory in a more than 10 year Java royalty lawsuit against Oracle. Tesla rose by 4.43%, fueled by Wedbush’s rating upgrade report. In an interview with CEO Tim Cook, Apple rose 2.36% as the preview of Apple’s self-driving car positively affected the stock price.
Travel stocks also rose as the vaccination rate was getting faster. Delta rose 2.91% due to a surge in passengers, while Norwegian Cruises rose 7.18% on the news of a resumption request in July.
By industry, all sectors rose, except for the energy sector, which fell due to weak regulatory oil prices. Among them, consumer economy goods (2.28%), Communications (2.27%), and Tech (2.02%) were remarkable.
Eunji Cha, reporter Hankyung.com [email protected]
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