NY Stocks Dow Average Rise Nasdaq Closes End of Year End May 8 at 5:45
In the New York stock market on the 7th, the Dow average stock price rose due to expectations for the economic outlook.
In addition, the stock index of Nasdaq, which has many IT-related stocks, has recovered to a level above the closing price at the end of last year.
The closing price of the New York Stock Exchange Dow Average stock price on the 7th was 23,875.89 cents, which is 211.25 cents higher than the previous day.
On this day, many states in the United States continued to move toward economic activity and China's exports increased, so expectations for the future of the economy expanded, leading to purchase orders. ..
In particular, the stock price index of Nasdaq, which has a lot of IT-related stocks, closed on that day at 8979.664, surpassing the closing price at the end of last year, and turned positive since the beginning of the year.
Although still 8.5% below the highs recorded in February, the Dow average stock price is still 19% below the highs, indicating that the Nasdaq stock index is recovering faster.
With the spread of the new coronavirus spreading in many industries, demand for Amazon and Netflix is on the rise, but the stock price is at its highest during this time, and there is a strong desire to invest in IT-related stocks. You can see.
Meanwhile, a market official said, "The employment statistics for the last month, which will be released on the morning of the 8th in the US Eastern time, are attracting attention."