On the 25th (Korean time), the U.S. stock market in New York closed mixed, with the Dow Jones Industrial Average rising on the strength of cyclical and value stocks, while the tech-heavy Nasdaq and S&P 500 indices declined.

• *[Major Index Closing Performance]**
• Dow Jones Industrial Average: 51,848.90, up 182.06 points (0.35%) from the previous session
• S&P 500 Index: 7,358.49, down 6.97 points (0.09%)
• Nasdaq Composite Index: 25,476.64, down 110.40 points (0.43%)
• Russell 2000 Index: 2,989.47, up 13.99 points (0.47%) (relatively steady performance)

From the early hours of the session, investors unloaded profit-taking sell orders, primarily targeting AI (artificial intelligence) and semiconductor-related stocks that had recently surged. This put downward pressure on tech stocks overall, but buying flowed into economically sensitive sectors such as financials and industrials, allowing the Dow to maintain its upward trend. The market also reflected investor caution ahead of upcoming major economic indicators.

Micron Posts 'Surprisingly Strong' Earnings... "AI Memory Demand Remains Solid" However, Micron's fiscal third-quarter earnings, released after the regular session closed, exceeded market expectations. Both revenue and earnings per share (EPS) surpassed market forecasts, and the company's guidance for the next quarter also beat expectations. This reaffirmed that AI memory demand remains robust.

The market is not ruling out the possibility that the short-term profit-taking trend in tech stocks may continue for the time being. However, positive forecasts are also being raised, suggesting that if the expansion of AI investment and the trend of improving corporate earnings persist, the overall upward trajectory of the stock market could be sustained.