In the New York market on the 12th, the Dow rose for a 3rd straight day, ending up $195.60 from the previous day at $51,850.55. Buying was dominant ahead of the earnings announcement season, while higher crude oil prices also supported the market.
In the New York stock market on the 12th, the Dow Jones Industrial Average rose for a 3rd straight trading day, with the closing price up $195.60 from the previous weekend at $51,850.55. Buying on expectations of strong earnings was dominant ahead of the earnings announcement season.
Rising crude oil futures also supported the market, bringing an inflow of funds into energy-related stocks. With investors looking to assess this week's U.S. inflation data and major banks' earnings, buying spread to stocks that appeared attractively valued.
By stock, Microsoft, which announced an internally developed AI semiconductor, major IT company Salesforce and oil major Chevron rose, while semiconductor company Nvidia was sold.
The Nasdaq Composite, which is dominated by technology stocks, fell back, closing down 120.27 points from the previous day at 27,245.90. Ahead of the full-scale start of the earnings season, the market is divided between expectations and caution over corporate performance.