The U.S. stock market in New York started off higher on the 9th (local time). After closing lower for two consecutive days on the 7th and 8th, it rose on this day, primarily driven by technology stocks. Notably, NVIDIA's market capitalization surpassed $4 trillion (approximately 5,500 trillion won) for the first time during intraday trading. Expectations that the U.S. administration will find common ground through tariff negotiations with Korea and others are acting as positive factors for the stock market.
On this day, the Dow Jones Industrial Average began trading at 44,327.13, up 0.2% (86.37 points) from the previous day. The Standard and Poor's (S&P) 500 index rose 0.3% (17.81 points) to 6,243.33, while the Nasdaq index started at 25,522.09, up 0.5% (103.63 points).
Leading the stock market rise on this day are technology stocks. NVIDIA's market capitalization exceeded $4 trillion (approximately 5,500 trillion won), rising more than 2% during intraday trading, marking the first time for a publicly traded corporation worldwide. Meta, Microsoft, and Alphabet have also seen their stock prices rise in the range of 1% to 2%.
President Donald Trump notified on the 7th that the imposition of reciprocal tariffs between 14 countries, including Korea and Japan, will be postponed from the 9th of this month to the 1st of next month. In this regard, analyses suggest that the U.S. administration is likely to conduct tariff negotiations in a somewhat favorable direction for trading partners.