Expectation of economic recovery … Dow index, record on day 4 of operations



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The S&P 500 also closes a record for 3 consecutive business days

Daily trend graph of the Dow index for the last month.  (Source = Korea's Internal Securities and Investment Trading System)

Daily trend graph of the Dow index for the last month. (Source = Korea’s Internal Securities and Investment Trading System)

In anticipation of an economic recovery, the New York Stock Market Dow Index posted a record for the fourth consecutive trading day. The S&P 500 Index also finished at an all-time high on the third trading day.

On the 15th (hereafter local time), the Dow Jones Industrial Average of the US New York Stock Exchange closed at 32,953.46, an increase of 174.82p (0.53%) from the closing price on the day of previous negotiation.

The Standard & Poor’s (S&P) 500 Index rose 25.60p (0.65%) to 3,968.94, while the Nasdaq Composite Index rose 139.84p (1.05%) to close at 13,459.71.

The Dow Index rose for 7 consecutive business days, hit a record for 4 consecutive business days, and the S&P 500 Index, which rose for 5 consecutive business days, finished at an all-time high for 3 consecutive business days. The Nasdaq index, which had turned lower on the battlefield, rose again this day. The Nasdaq index has been closing alternately every day since the 5th.

Local media reported that investors are closing in on the market in anticipation of an economic recovery and inflation.

The Wall Street Journal analyzed that the share prices of economically sensitive companies helped drive the stock market this month, and investors are optimistic about the outlook for the second half as vaccine launches move faster than expected. . He also suggested that the US Congress approved an additional $ 1.9 trillion in fiscal stimulus measures to help boost the economy as a driver of the stock market.

The media reported that many analysts predicted that vaccines and stimulus measures would help pick up consumer spending in the second half, which in turn would be good for corporate interests.

The 10-year US Treasury yield, which topped 1.63% last weekend, fell to 1.61% today, giving equities a sense of relief.

On the other hand, the stock markets of the main European countries closed lower at the same time that Germany, France and Italy temporarily suspended AstraZeneca’s COVID-19 vaccine.

On this day, the FTSE 100 index of the London Stock Exchange in the United Kingdom closed 0.17% from the closing price of the previous day at 6749.70, and the DAX index of the German Stock Exchange fell by 0.28% at 144661.42. France’s Paris CAC Index fell 0.18% to 6,035.97, while the pan-European Euro Stoxx 50 Index closed at 3,829.84, down 0.09%.

International oil prices fell, gold prices rose. On that day, the price of West Texas crude oil (WTI) in April on the New York Commercial Exchange closed at $ 65.39, a decrease of 0.22 (0.3%) per barrel, and the price of gold for April on the Commodity Exchange New York was $ 9.40 0.6%) from the previous trading day It rose to $ 1729.20.

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