New York stocks rose despite disappointing earnings from major companies.



In particular, the three major indices closed at all-time highs at the same time.



On the 29th, on the New York Stock Exchange, the Dow Jones Industrial Average closed at 35,819.56, up 89.08 points from the previous day.



The Standard & Poor's 500 Index closed at 4,605.38, up 8.96 points from the battlefield, and the Nasdaq index, which focuses on technology stocks, closed at 15,498.39, up 50.27 points from the battlefield.



Investors kept an eye on companies' performance and price indicators.



The index started lower at the opening day as Apple and Amazon's quarterly earnings fell short of market expectations, but turned upside down in the afternoon.



The three major indices simultaneously hit all-time highs in terms of closing prices.



The S&P 500 and Nasdaq Composites rose 6.9% and 7.3%, respectively, this month, recording their biggest gains since November last year.



Apple said in its earnings report after the market close the previous day that supply chain constraints had a bigger-than-expected impact.



iPhone sales fell short of market expectations, and sales also fell short of market expectations.



According to CNBC, it is the first time since May 2017 that Apple's sales have been below Wall Street expectations.



Amazon's third-quarter net profit and sales also fell far short of market expectations.



Shares fell as Amazon's fourth-quarter revenue fell below Wall Street's expectations.



Shares of Apple and Amazon closed down 1.8% and 2.1%, respectively.



Microsoft's share price rose more than 2% on the day and Apple's share price fell, making Microsoft's market cap more than Apple's.



According to CNBC data, Microsoft's market cap reached $2.4 trillion, while Apple's market cap was estimated at $2.458 trillion.



US personal consumer spending growth slowed from the previous month, but in line with market expectations.



The U.S. Department of Commerce reported that personal consumption spending rose 0.6% in September compared to the previous month.



Consumer spending by US households is the driving force behind growth, accounting for two-thirds of the US economy.



Personal income in September decreased by 1.0% from the previous month, turning from a 0.2% increase in the previous month to a downward trend.



As incomes fell, the personal savings rate fell to 7.5% in September from 9.2% in the previous month.



This is the lowest since December 2019.



(Photo = Getty Images Korea)