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Last night, the New York Stock Market ended in mixed taxation after showing great volatility amid fierce trading battles ahead of major companies’ earnings announcements.
On the 25th (local time) on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average ended at 30,960.00, down 36.98 points (0.12%) from the battlefield.
The Standard & Poor’s (S&P) 500 index rose 13.89 points (0.36%) from the battlefield to 3,855.36, while the Nasdaq index rose 92.93 points (0.69%) to 13,635.99.
Amid concerns over a disruption in the supply of vaccines for the novel coronavirus infection (Corona 19), technology stocks have stood out. The market leader led by Nasdaq continued on this day as relatively sensitive stocks were marginalized.
In particular, there was great volatility in the struggle between organizations and individuals. The Dow index fell by more than 400 points during the day, while the S&P500 once fell 1.15% and the Nasdaq 1.29%.
Seo Sang-young, a researcher at Kiwoom Securities, said, “We estimate that the valuation burden was the factor that affected the market today due to the virus and economic blockade issues. For the time being, volatility will inevitably expand while differentiation by stock and industry continues.” Explained.
Ahead of its earnings release, Tesla rose 4.03% on the back of reports that it plans to mass-produce a new type of battery in Germany that will improve the range of cars by 16%. Apple ended up 2.77% when it raised its target price, saying that Webbush will announce remarkable results.
Kimberly-Clark rose 3.25% on announcing its solid earnings and treasury stock purchases, and led the strength of daily necessities-related stocks such as P&G (1.72%) and Clarox (4.75%). Moderna rose 12.20% when it was highlighted that it showed a positive response to the variant coronavirus. Pfizer (2.00%) and Bio&Tech (2.00%) also rose.
On the other hand, as the issue of economic containment emerged, energy such as ExxonMobil (-1.12%) and Konoko Phillips (-0.26%), leisure travel such as Booking.com (-2.31%) and Carnival (-4.95%), Delta Airlines (-2.75%) ), aircraft such as Boeing (-1.20%), and cars such as GM (-3.63%) and Ford (-2.00%) were sluggish.
[email protected], reporter Eunji Cha
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