The New York Stock Exchange’s three major indexes soar on expectations that the Iran war will end… NVIDIA, 5.62%↑
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The New York stock market closed with a surge on the 31st (local time), the last day of March.
The Dow Jones Industrial Average soared 2.49%, and the Standard & Poor’s (S&P) 500 and Nasdaq index soared 2.91% and 3.93%, respectively.
Expectations that the war with Iran will end even if the Strait of Hormuz remains blocked led the stock market to soar.
Most big tech companies soared around 4%, and the ‘Wall Street Fear Index’ plummeted by more than 17%.
According to CNBC, the Dow jumped to 46,341.33, up 2.49% from the previous trading day.
The S&P 500 index surged 2.91% to 6,528.52, and the Nasdaq index surged 3.83% to 21,590.63.
However, for the entire month of March, they each plummeted by around 5%.
The Dow index had the largest decline, falling 5.38%, while the S&P 500 and Nasdaq index recorded declines of 5.09% and 4.75%, respectively, in March.
The ‘Wall Street Fear Index’ Chicago Board Options Exchange (CBOE) Volatility Index (VIX) plummeted 17.05% to 25.39.
By industry, nine industries rose significantly, excluding the energy and utility industries, which fell by 1.12% and 0.09%, respectively.
Consumer discretionary goods soared 3.28%, and consumer staples rose 0.02% to close at a strong level.
Finance rose 2.13%, health and real estate rose 1.94% and 1.50%, respectively.
The industry soared 3.24%, and the materials industry jumped 1.85%.
The two major technology stocks surged more than 4% each.
The technology industry soared 4.24% and the communications service industry soared 4.42%.
Big Tech led the surge that day.
Nvidia soared 5.62% to $174.45, and Alphabet rose 5.14% to $287.56.
Tesla closed at $371.56, up 4.58%, and Palantir closed at $146.28, up 6.35%.
Microsoft (MS) rose 3.12% to $370.17, and Amazon soared 3.66% to $208.31.
The top three quantum computing startups also soared steeply.
Leading stock Aion Q soared 8.42% to $28.83, while Ligeti and D-Wave soared 8.84% and 11.17%, respectively.
Micron also rose significantly for the first time in a while, closing at $337.67, a 4.93% surge.
On the news that Nvidia had made a $2 billion equity investment, custom chip company Marvell jumped 12.80% to $99.05.
Kim Mi-hye, Global Economics Overseas Correspondent LONGVIEW@g-enews.com
[알림] This article is for reference only when making investment decisions, and we are not responsible for any investment losses based on it.
