After the final decision of Biden’s election, all new points… The first 3,800 lines of the S&P500
The three indexes of the US New York Stock Market set a record high side by side on the 7th (local time).
On this day, the Dow Jones 30 Industrial Average of the New York Stock Market closed at 31,041.13, up 211.73 points (0.69%) from the battlefield.
The Standard & Poor’s (S&P) 500 index rose 55.65 points (1.48%) to 3,803.79, while the technology stock-oriented NASDAQ index rose 326.69 points (2.56%) to 13,067.48, respectively.
Based on the closing price, the Dow index exceeded the 31,000 line and the Nasdaq index exceeded the 13,000 line for the first time, marking a new node index in units of 1,000 points.
This is the first time that the S&P 500 index has crossed the 3,800 line at the closing price.
In the early morning of this day, it seems that the US Congress finally certified President-elect Joe Biden’s victory in the presidential election, and completely relieved political uncertainty, which seemed to fuel investment sentiment.
Congress was scheduled to certify the results of the presidential election right away at a joint Senate-House Meeting the afternoon of the previous day, but it was delayed somewhat as supporters of President Donald Trump broke into Congress during the protests and rioted.
Since then, President Trump has alleviated the market’s anxiety by promising “an orderly transfer of power.
The Democratic Party’s victory in both the Georgia State Senator final vote and adding two seats also had a positive effect on the stock market.
Following the President and the House of Representatives, the Democratic Party actually occupied the majority seat, raising expectations that large-scale additional stimulus could be executed in the short term.
However, it is also observed that the sweeping of the Democratic Party will lead to the realization of progressive policies such as tax increase and strengthening of corporate regulations in the mid to long term, which will adversely affect large corporations.
By stock, the rise of banking stocks and IT stocks, which were relatively marginalized from the year-end and New Year’s surge, stood out.
Among the banks, JPMorgan Chase rose 3.3%, and Bank of America and Wells Fargo also rose more than 2%.
In the IT sector, Apple rose 3.4%, Alphabet rose 3%, and Microsoft rose 2.9%.
/yunhap news