On the 13th (local time), the U.S. New York Stock Exchange closed higher as expectations spread that the conflict between the United States and Iran would enter a de-escalation phase. This is interpreted as a revival in investors' risk appetite as geopolitical risks have somewhat weakened.

On this day, the Dow Jones Industrial Average on the New York Stock Exchange recorded 51,202.29, up 353.54 points (0.70%) from the previous session. The Standard & Poor's (S&P) 500 Index closed at 7,431.40, up 37.10 points (0.50%), and the NASDAQ Composite Index finished at 25,888.84, up 79.18 points (0.31%). The Russell 2000 Index also rose 0.70% on the same day, showing an influx of buying into small and mid-cap stocks overall.

Wall Street evaluated the possibility of progress in negotiations between the U.S. and Iran as a key positive factor. With expectations forming that relations between the two countries could enter a stabilization phase, geopolitical risk factors that had been pressuring the market diminished, and investors shifted their focus from safe assets to the stock market.

In particular, while expectations for the growth of the artificial intelligence (AI) industry continue recently, technology and semiconductor stocks led the overall upward trend in the market. In addition, the perception that the underlying strength of the U.S. economy is more robust than expected was also cited as a factor that contributed to the stock market's rise.

Market participants are paying close attention to what form the actual outcome of future negotiations between the U.S. and Iran will take. Furthermore, the direction of the U.S. Federal Reserve's interest rate policy and the schedule for the release of major economic indicators are being evaluated as important variables that will determine the direction of the global financial market. The higher close of the New York Stock Exchange is expected to partially reflect a positive effect on improving investment sentiment in the domestic stock market.

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