On the 2nd, the New York stock market saw an increase in buying orders due to expectations for the future of corporate performance, and the Dow Jones Industrial Average rose to a new all-time high for the second consecutive day.
The closing price of the Dow Jones Industrial Average on the New York Stock Exchange on the 2nd was $38,654.42, an increase of $134.58 from the previous day, setting a new all-time high for the second consecutive day.
The announcement on the evening of the 1st that the performance of IT giant Meta, formerly Facebook, exceeded market expectations, sparked expectations for the future of corporate performance and increased buying orders.
The NASDAQ stock index, which has many IT-related stocks, rose significantly by 1.7%, and the closing price of Meta's stock price rose 20% compared to the previous day.
The S&P 500 stock index, which is calculated using the stock prices of 500 major companies, also hit a new all-time high.
A market source said, ``Although last month's U.S. employment statistics announced on the same day showed a strong labor market, and expectations that interest rates would be cut soon have been diminished, expectations for the future of corporate performance remain high. ``Buy orders have become dominant,'' he said.