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It rallied after selling the day before and the recent uptrend resumed.
“The announcement of a $ 1.9 trillion stimulus plan is also positive.”
(Photo = Getty Image Bank)
Last night, the New York Stock Exchange rallied as some overheated stocks, like GameStop, settled.
On the 28th (local time) on the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average closed at 30,603.36, 300.19 points (0.99%) more than on the battlefield.
The Standard & Poor’s (S&P) 500 Index closed at 3,787.38, an increase of 36.61 points (0.98%) from the battlefield, and the Nasdaq Index rose 66.56 points (0.50%) to 13,337.16.
The market rebounded and resumed the recent uptrend the same day after the previous day’s sell-off, triggered amid concerns about a slowdown in the economic recovery and a bubble.
The US central bank (Fed) gave no sign of further policy easing, but market concerns, such as downsizing, subsided. Key indicators, such as the US fourth quarter economic growth rate, were mixed, but did not act as a factor of greater market uncertainty.
Seo Sang-young, a researcher at Kiwoom Securities, said: “The volatility of individual companies related to speculative trading still shows a tendency to expand, but the stock market is also finding stability as the trading volume shows a decline. “. positive for the stock market to announce that the House will pass a stimulus package of one billion dollars. “
On the same day, GM finished 3.45% on the news that all of the world’s vehicles will be green by 2040, including selling only pollution-free models by 2035.
Amid growing anticipation for vaccinations, entertainment sectors such as Disney (5.43%), Booking.com (7.85% and Carnival (4.0%) increased dramatically. American Airlines rose 9.30% Due to the influx of vaccine expectations despite slow earnings announcements, Boeing (1.65%) and Delta Airlines (4.05%) also rose.
Pfizer and Moderna finished with 0.39% and 1.16%, respectively, following news that the Centers for Disease Control and Prevention (CDC) administered more than 20 million doses of the new vaccine against coronavirus infection (Corona 19), which appears safe as in clinical trials. .
Gamestop closed down 44.29% after several online brokerage firms announced the suspension of operations. AMC also fell 56.63% as volatility peaked. The 3D system and BlackBerry, which had a large loss rate on short sales due to the recent increase, also fell 10.04% and 41.63%, respectively.
Eunji Cha, Reporter Hankyung.com [email protected]
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