[New York stock market close | October 19] Nasdaq rises 1.11% due to rebound in technology stocks… Banking and pharmaceutical stocks are weak

Semiconductor index rises in 9 trading days... Amazon 4.98%, Tesla 3.76%↑ S&P 500 up 0.41%, Dow down 0.07%... Coreweave's investment opinion was downgraded despite an upgrade.

The New York stock market was mixed by industry on the 19th (local time). Semiconductor and large Internet stocks rose, pushing up the Nasdaq index, but many banking and pharmaceutical stocks fell. While there was a rebound centered on technology stocks, the buying trend did not spread throughout the market. On this day, the Nasdaq Composite Index closed at 26,430.89, up 290.85 points (1.11%) from the previous trading day. The Standard & Poor's (S&P) 500 index rose 31.29 points (0.41%) to 7690.73. The Dow Jones Industrial Average ended trading at 51,966.03, down 36.38 points (0.07%). Semiconductor stocks broke out of a continuous decline. The Philadelphia Semiconductor Index closed at 11,316.34, up 1.61%. After falling about 15.7% over the previous 8 trading days, it rose in 9 trading days. Nvidia rose 1.38%, Broadcom rose 1.78%, and AMD rose 1.76%, while Micron and Intel also rose 2.96% and 2.43%, respectively. The rise in storage device-related stocks was also large. Western Digital rose 6.09%, SanDisk rose 5.53%, and Seagate rose 3.41%. In software stocks, Palantir rose 4.37%. Among large-cap stocks, Amazon rose 4.98%. Morgan Stanley selected Amazon as its top stock. Tesla also rose 3.76%, while Microsoft and Alphabet rose 0.84% ​​and 1.05%, respectively. Apple fell 0.15% and Meta fell 0.55%. Bank stocks also showed weakness. JP Morgan Chase fell 1.82%, Bank of America fell 1.64%, and Wells Fargo and Citigroup fell 2.47% and 2.07%, respectively. In pharmaceutical stocks, Eli Lilly fell 1.33%, Merck fell 1.59%, and Amgen fell 1.75%. On the other hand, United Health rose 1.36%, showing differences even within the healthcare sector. Unlike the index's rise, there were more stocks that fell. On the New York Stock Exchange, the number of declining stocks was about 1.69 times that of rising stocks, and in the Nasdaq market, falling stocks exceeded rising stocks. Seven out of 11 S&P 500 industries fell. Not all AI-related stocks have rebounded. AI cloud company Coreweave closed at $61.12, down 0.44% from the previous trading day. Goldman Sachs raised its investment opinion on Coreweave from 'neutral' to 'buy' on this day, but lowered the target stock price from $139 to $106. The stock price rose more than 7% during the day and then gave back the increase. The U.S. 10-year Treasury bond interest rate recorded 5.135%, up 3.8bp (1bp = 0.01% point) from the previous trading day, based on Dow Jones Market Data. International oil prices varied depending on the contract. The December contract for West Texas Intermediate (WTI) crude oil, which was heavily traded, closed at $98.54 per barrel, down 0.5%, and the December contract for Brent crude oil closed at $109.55, down 0.3%. The November WTI contract, scheduled to expire on the 20th, rose 2.22% to $103.66 amid decreased trading volume.