All three indices break new record highs for both intra and close prices
Index rises due to the trend toward large technology stocks
(Photo = Getty Image Bank)
Last night, the New York Stock Market broke all-time highs in both intraday and closing prices due to the influence of US President Donald Trump’s signing of a new coronavirus infection (Corona 19) fiscal stimulus plan.
On the 28th (local time) on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average closed at 30,403.97, up 204.10 points (0.68%) from the battlefield.
The Standard & Poor’s (S&P) 500 index ended at 12,899.42, up 32.30 points (0.87%) from the battlefield at 3735.36, while the Nasdaq index rose 94.69 points (0.74%) to 12,899.42.
US President Trump signed a budget of $2.3 trillion (2520 trillion won), which contains the federal government budget and fiscal stimulus measures for next fiscal year.
The European Union (EU) has also entered the vaccination stage, which supported investor sentiment. Following the UK and the US, vaccination has begun in earnest, targeting 450 million people living in EU member states in Europe.
Choi Jae-won, a researcher at Kiwoom Securities, said, “The US stock market has been strong, centering on large technology stocks, and has hit an all-time high. President Trump signed additional stimulus measures and next year’s budget bill, which relieved the uncertainty of the government shutdown.”
On this day, Apple, Amazon, and Facebook rose 3.58%, 3.51% and 3.59%, respectively. In addition to the signature of the US additional stimulus and budget proposals, the Brexit agreement and the slowing of the spread of Corona 19 in the US are believed to have affected.
In addition, although the trading volume was small due to the year-end season, the index rose due to the trend toward large technology stocks.
Travel and aviation stocks, which have been hit hardest by the pandemic, have been rising. Disney also rose by 3%.
[email protected] Reporter Eunji Cha, Hankyung.com
Ⓒ Hankyung.com prohibits unauthorized reproduction and redistribution