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[Breaking] New York Stock Market's 4 Major Indices Rise Together... Nasdaq Strong on Price Stability and Solid AI Earnings

The U.S. New York stock market is showing a broad upward trend during trading hours on the afternoon of the 12th (Korean time). After the previous day's weakness, major indices are rebounding, with the tech-heavy Nasdaq Composite showing relatively strong momentum, signaling a recovery in the market

Wooil Shim
Staff Reporter
5 min read
[Breaking] New York Stock Market's 4 Major Indices Rise Together... Nasdaq Strong on Price Stability and Solid AI Earnings
CBC News

The U.S. New York stock market is showing a broad upward trend during trading hours on the afternoon of the 12th (Korean time). After the previous day's weakness, major indices are rebounding, with the tech-heavy Nasdaq Composite showing relatively strong momentum, signaling a recovery in the market's risk appetite.

As of the afternoon of the 12th, the performance of the four major indices is as follows:

• Dow Jones Industrial Average: 53,863.27, up 71.42 points from the previous trading day (intraday high 53,969.36 / low 53,796.84) • Standard & Poor's (S&P) 500 Index: 7,751.98, up 23.89 points (intraday high 7,770.85 / low 7,747.98) • Nasdaq Composite Index: 26,605.47, up 160.03 points (intraday high 26,688.24 / low 26,577.93) • Russell 2000 Index: 3,041.02, up 13.90 points

The New York stock market opened higher on this day as U.S. inflation data met market expectations and strong earnings from some artificial intelligence (AI) infrastructure-related companies supported investor sentiment. Shortly after the opening bell, the S&P 500 and the Nasdaq rose 0.48% and 0.89%, respectively. Considering that indices fell the previous day as expectations for easing tensions in the Middle East weakened, today's rally is interpreted as a result of a combination of bargain hunting, reduced inflation concerns, and optimism over corporate earnings.

However, the Middle East situation remains a key variable that could limit further gains in the stock market. With geopolitical tensions between the United States and Iran continuing, international oil prices are also moving sensitively due to uncertainty over the normalization of major crude oil transport routes. On this day, Brent crude and West Texas Intermediate (WTI) crude were reported to have each risen around 0.6% during trading.

The market expects that the future direction of the Middle East situation and international oil prices will determine the stock market's trajectory. If oil prices surge sharply again, inflation concerns could resurface, potentially increasing volatility in growth stocks, including technology shares. (As the New York stock market is currently in active trading, indices and their fluctuation margins may change during the session.)

[This article was written with the assistance of AI. This article is for informational purposes only and does not recommend the purchase or sale of any specific stock or financial product. Investment decisions and their consequences are the sole responsibility of the investor.]

Wooil Shim
Staff Reporter

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