New York Stock Market Closes Higher Across the Board; Tech Stocks Surge 3%

Here is the latest from the New York stock market.

U.S. stock markets successfully rebounded in just one day.

The Nasdaq rose nearly 2%, and the S&P 500 index also bounced back, reclaiming the 7,500 level.

By sector, the technology sector climbed nearly 3%, and the consumer discretionary sector also rose by more than 1%, supporting the market's recovery.

Today, the New York stock market saw increased volatility due to "triple witching," where stock options, index options, and index futures all expire simultaneously. However, the easing of geopolitical risks stemming from Iran revitalized investor sentiment.

Concerns over inflation were significantly alleviated by news that the effective date for the memorandum of understanding (MOU) to end the conflict between the U.S. and Iran has been moved up, and that the Strait of Hormuz will remain open without tolls during the negotiation period.

As progress in normalizing crude oil supplies from the Persian Gulf fueled expectations of lower energy costs, inflation fears—which had been heightened by the Federal Reserve's hawkish message yesterday—subsided rapidly.

Last week's initial jobless claims reached 226,000, slightly exceeding market expectations, and continuing jobless claims also surpassed forecasts.

Since the increase in claims was not significant, it was not interpreted as a signal of a sharp slowdown in the labor market.

Analysts are gaining confidence that if falling oil prices lead to price stability, the necessity for the Federal Reserve to actually raise interest rates will diminish.

Among individual stocks, Intel surged by over 10% and led buying across the tech sector after U.S. President Trump announced through social media that Apple and Intel had reached an agreement on semiconductor production cooperation.

The New York stock market will be closed over the weekend in observance of Juneteenth, the U.S. holiday commemorating the end of slavery.

That is all from the New York stock market.
※ Please note: This article was translated by AI and may contain errors.