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[Breaking] New York Stock Market Rebounds Across the Board... Dow Up 400 Points, Nasdaq Up 0.91%, S&P 500 Also Higher

The New York stock market rebounded broadly in early trading. The Dow Jones Industrial Average rose more than 400 points, while the Nasdaq Composite and the S&P 500 also posted gains. Major indexes are coming back to life following last week's steep slide, led by technology stocks. ■ Major Index Qu

Wooil Shim
Staff Reporter
4 min read
[Breaking] New York Stock Market Rebounds Across the Board... Dow Up 400 Points, Nasdaq Up 0.91%, S&P 500 Also Higher
CBC News

The New York stock market rebounded broadly in early trading. The Dow Jones Industrial Average rose more than 400 points, while the Nasdaq Composite and the S&P 500 also posted gains. Major indexes are coming back to life following last week's steep slide, led by technology stocks.

■ Major Index Quotes As of around 11:42 p.m. on the 2nd, Korean time, the Dow Jones Industrial Average was up 419.23 points (0.81%) at 52,189.54. The S&P 500 rose 43.04 points (0.57%) to 7,623.11, and the Nasdaq Composite climbed 231.28 points (0.91%) to 25,668.28. The Nasdaq recorded the highest gain among the major indexes. The Russell 2000, a small- and mid-cap index, also rose 13.92 points (0.50%) to 2,825.76.

■ Factors Behind the Rebound The rebound in the New York stock market appears to have been influenced by falling international oil prices and a moderation in the sell-off of technology stocks. The Associated Press reported that the market rebounded as oil prices fell amid expectations of possible diplomatic progress between the United States and Iran.

■ Key Variables Ahead Markets are awaiting earnings reports from major technology companies, the U.S. midterm elections, and the release of employment data. In particular, concerns remain over the profitability of large-scale investments related to artificial intelligence (AI), making the direction of technology stocks a key point of focus.

However, the current figures are intraday quotes and may differ from the final closing indexes.

[This article was written based on the intraday quotes provided and publicly available market information, and does not constitute a recommendation to buy or sell any specific stock. Responsibility for investment decisions and any resulting gains or losses rests with the investor. AI assisted in part.]

Wooil Shim
Staff Reporter

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