BIST10010.500 0.00%Palm Valley Capital Invests in The Clorox CompanyUSD/TRY47.2154 0.20%New York Stock Exchange Closes Higher: Chip Stocks and Geopolitical DevelopmentsEUR/TRY53.8302 0.30%Factors Affecting the Bourse AgendaBTC/USD$63,145.9 1.56%ING Turkey Secures Sustainability-Linked Syndicated LoanGOLD6.243,77 0.15%Asian Stocks Expected to Rise After US Chipmakers RallyBRENT$76.14 0.00%New Target for the Dollar: Japan's Topix Index Heads to 4,500Common Mistakes in Investing in StartupsBIST10010.500 0.00%Palm Valley Capital Invests in The Clorox CompanyUSD/TRY47.2154 0.20%New York Stock Exchange Closes Higher: Chip Stocks and Geopolitical DevelopmentsEUR/TRY53.8302 0.30%Factors Affecting the Bourse AgendaBTC/USD$63,145.9 1.56%ING Turkey Secures Sustainability-Linked Syndicated LoanGOLD6.243,77 0.15%Asian Stocks Expected to Rise After US Chipmakers RallyBRENT$76.14 0.00%New Target for the Dollar: Japan's Topix Index Heads to 4,500Common Mistakes in Investing in Startups
Economy

New York Stock Exchange Continues to Rise

724FinanceDr. Aslıhan Demir
New York Stock Exchange Continues to Rise

The New York stock exchange closed the day with a rise. The Dow Jones index rose by 0.27% to 52,487.41 points. The S&P 500 index rose by 0.81% to 7,543.64 points and the Nasdaq index rose by 1.3% to 26,206.89 points.

  • Investors evaluated the developments related to the increasing geopolitical tension in the Middle East, and the rise in the shares of chip companies had a positive effect on the stock market.

  • Some key changes include:

  • Chip company Micron Technology's shares rose by 4.5% after announcing a plan to invest over $250 billion in the US by 2035.

  • The number of initial jobless claims in the US fell to 215,000 in the week ending July 4, below market expectations.

  • Existing home sales in the US fell by 2.4% in June, below market expectations.

  • The median existing-home price in the US rose by 1.8% year-over-year to $440,600, a record high.
  • Market Performance - The main reasons behind the rise include the increase in chip company shares and the impact of developments in the Middle East.

    Investment Interest - Micron Technology's investment plan announcement seems to have created significant movement in the sector.

  • The Brent crude oil price fell by 2.6% to $75.97 as of July 23.
  • The markets are showing a strong performance to counter this situation. The rise in the New York stock exchange can be seen as a reflection of the positive trends observed in the global economy. However, the ongoing geopolitical tension and fluctuations in oil prices may increase uncertainty about future markets.
    Dr. Aslıhan Demir

    Financial Analyst: Dr. Aslıhan Demir

    Makroekonomi ve Para Politikaları Akademisyeni. FED (Federal Reserve) ve TCMB tutanaklarını satır satır okuyan, faiz kararlarının güvercin (dovish) veya şahin (hawkish) tonlarını analiz eden baş ekonomist.

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