New York stocks close higher on easing Iran tensions and Micron investment announcement
New York stock market 3 major indexes 7 month 9 all closed higher on [day] (U.S. Eastern Time). The backdrop was easing tensions related to Iran and Micron's announcement of a large-scale semiconductor investment, while bonds also strengthened, led by the 10-year and 2-year maturities.
New York stocks 3 major indexes 7 month 9 closed higher on [day] (U.S. Eastern Time), which may be read by Korean investors as a signal of recovering demand for risk assets. The Dow Jones rose 52,487.41 to close 139.02 points above the previous session.
S&P 500 closed at 7,543.64 after rising 60.93 points. The Nasdaq Composite rose 336.24 points to post a gain of 1.30%.
In the bond market, the yield on the 10-year Treasury fell to 4.5390%, down 2.80 basis points from the previous day. The monetary-policy-sensitive 2-year maturity fell 4.1640% to 3.50 basis points lower.
The market reflected expectations that the armed conflict between the United States and Iran would not spread further. International oil prices showed more frequent fluctuations as their sharp surge eased.
Meanwhile, Micron Technology announced plans for a large-scale investment in semiconductor facilities, highlighting demand related to artificial intelligence. The announcement was cited as a factor that stimulated buying in the semiconductor sector.
Market participants said that the30-year Treasury auction also performed well, supporting the strength of bonds. The dollar was somewhat weaker.
Sources: 연합인포맥스
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