On the 1st (Korean morning time), the first trading day of July, the U.S. New York stock market rose across the board, driven by strength in technology stocks. As buying expanded into artificial intelligence (AI) and semiconductor sectors, the Nasdaq jumped more than 1%, while the Dow Jones and S&P 500 indices also closed higher.

On this day at the New York Stock Exchange, the Dow Jones Industrial Average closed at 52,317.81, up 135.07 points (0.26%) from the previous trading day. The S&P 500 index recorded 7,498.79, up 58.36 points (0.78%), and the tech-heavy Nasdaq Composite Index surged 393.58 points (1.52%) to close at 26,213.72, posting the highest gain among major indices. The Russell 2000 index, centered on small- and mid-cap stocks, also rose 15.63 points (0.52%) to 3,026.05, contributing to improved investor sentiment.

The key driver of the rally was the spread of buying, centered on growth stocks, across the broader market. In particular, funds concentrated in AI and semiconductor-related stocks as technology shares led the market, while economically sensitive sectors such as financials and industrials also supported the indices with solid trends.

Investors are keeping an eye on upcoming major corporate earnings and economic indicators, while simultaneously assessing the U.S. economic growth trend and the Federal Reserve's (Fed) monetary policy direction. The market is closely watching whether the recent strength in technology stocks can continue into the third quarter.

Wall Street expects that since July has historically shown a relatively favorable seasonal trend for the U.S. stock market, earnings season and macroeconomic indicators will be the key variables determining whether the rally will continue.

[This article was written with the assistance of AI. This article is not a solicitation for investment, and any losses resulting from investment may be borne by the investor.]