The S&P 500 index, one of the leading stock indexes in the New York stock market, surpassed the 5,000-point mark for the first time in history.
On the New York Stock Exchange (NYSE) on the 9th (local time), the S&P 500 index closed at 5026.61, up 28.70 points (0.57%) from the previous session. Although it exceeded the 5,000 mark for the first time a day earlier, it failed to keep the 5,000 mark based on the closing price, but as soon as trading began on the same day, it exceeded the 5,000 mark again and succeeded in settling down.
Investor sentiment in high-tech fields such as artificial intelligence (AI) and semiconductors led to the continued rise in the index. NVIDIA, the largest AI shareholder, surged in the 3% range, and other AI stocks such as Microsoft, Amazon, and Alphabet also showed strength. MS, a cooperative relationship with OpenAI, which is pursuing its own AI chip development, recorded a market capitalization of $3.125 trillion based on the closing price, surpassing Apple’s record of $3.9 trillion set in July last year.
Expectations for a further rise have also grown as the S&P 500 index has surpassed 5,000 based on its closing price. Some analysts say that the news of the stock market’s strength has become a hot topic in the U.S. due to the fact that it exceeded 5,000, which has a large symbolic number, and that the so-called “FOMO” sentiment that only oneself should not be excluded from the investment craze may be triggered.
Amid the upward trend led by the S&P 500, the tech-heavy Nasdaq Composite Index rose 196.95 points (1.25 percent) to close at 15,990.66. The Dow Jones Industrial Average, which focuses on blue-chip traditional industries rather than tech stocks, closed at 38,671.69, down 54.64 points (0.14 percent) from the previous session.
