The New York Stock Market rises in anticipation of stimulus measures worth KRW 1.9 trillion Gamestop surged 18%

The New York Stock Market rose on expectations of stimulus measures worth 1.9 trillion won.

On the 5th, on the New York Stock Exchange (NYSE), the Dow index closed at 31,148.24, up 92.38 points (0.30%) from the previous day. The S&P 500 index increased 15.09 points (0.39%) to 3886.83, and the Nasdaq index increased 78.55 points (0.57%) to 13856.30.

Expectations of US President Joe Biden’s $1.9 trillion stimulus package supported investment sentiment.

This morning, the US Senate and House of Representatives passed a budget resolution. The budget resolution is a measure that allows Congress to establish a stimulus bill using the right to adjust the budget, which only requires a majority consent. The Democratic Party, which dominated the Senate and House of Representatives, plans to pass the stimulus package proposed by President Biden by mid-March without the support of the Republican Party.

Among individual stocks, Johnson & Johnson (J&J) received market attention when it applied to the U.S. Food and Drug Administration (FDA) for emergency use of the Corona 19 vaccine. The share price of J&J rose 1.5% on the same day.

Gamestop, which recently fell sharply, also caught fire again on this day. With Robin Hood lifting the trading restrictions, GameStop closed up 17.91%.

On the Chicago Options Exchange (CBOE), the volatility index (VIX) fell 4.13% from the previous trading day to 20.87.

[김경택 매경닷컴 기자 [email protected]]
[ⓒ 매일경제 & mk.co.kr, 무단전재 및 재배포 금지]

Source