New York stock market rises due to the strength of Microsoft and Amazon... Dow 0.83%↑

Software and security stocks are strong... Moderna surges 14.21%, hitting a 52-week high

Semiconductor weakness, telecommunication stocks plummeting... Pay attention to price indicators and bank performance next week

The three major New York stock market indices rose together on the 9th (local time). Large-cap stocks such as Microsoft and Amazon rose to support the index, and major software and security stocks also showed strength. However, semiconductor stocks showed weakness, and telecommunications stocks plummeted due to concerns about competition due to the expansion of SpaceX's mobile communications business.

On this day, the Dow Jones Industrial Average ended trading at 51,654.95, up 423.31 points (0.83%) from the previous day. The Standard & Poor's (S&P) 500 index closed at 7811.54, up 46.18 points (0.59%), and the Nasdaq Composite Index closed at 27,366.17, up 172.83 points (0.64%). Even on a weekly basis, all three indices rose.

Among large technology stocks, Microsoft rose 2.38% and Amazon rose 3.29%. Tesla rose 2.05% and Alphabet rose 0.97%. On the other hand, Apple fell 1.11% and Meta fell 0.31%, showing different directions by stock.

Reports of new product production adjustments were a burden for Apple. It was reported that some suppliers were asked to reduce production of iPhone 18 Pro and Pro Max parts. The report pointed out the impact of rising memory prices and product price increases on demand.

The rise was notable in software and cybersecurity stocks. Palantir rose 5.17% and Oracle rose 4.21%, while Palo Alto Networks and CrowdStrike also rose 5.09% and 4.57%, respectively. Fortinet also joined the strong performance, rising 2.99%.

Semiconductor stocks have deviated from this trend. Nvidia fell 0.52%, AMD fell 2.03%, and Intel fell 2.22%. Micron also fell 0.66%. Broadcom rose 0.39%, but the Philadelphia Semiconductor Index closed at 12,572.42, down 51.30 points (0.41%) from the previous day.

In telecommunication stocks, the news of SpaceX's acquisition of spectrum announced the previous day triggered a sell-off. As Space The transaction is subject to regulatory approval. T-Mobile fell 13.27%, while Verizon and AT&T also fell sharply.

In healthcare, Moderna's rapid rise was noticeable. Moderna closed at $225, up 14.21% from the previous day, and broke the 52-week high during the day. On this day, with the product being re-incorporated into the NASDAQ 100 index, it was reported that public-private cooperation for cancer vaccine development involving the U.S. National Institutes of Health (NIH) and others was being promoted, and related expectations were also highlighted. UnitedHealth rose 2.25%, Johnson & Johnson rose 1.93%, and Merck rose 2.26%.

Major banking stocks also rose ahead of the earnings announcement. Wells Fargo rose 1.85%, Goldman Sachs rose 1.44%, and Bank of America rose 1.32%.

Unlike the rise in stock prices, consumers' economic awareness did not improve. The preliminary consumer sentiment index for October announced by the University of Michigan was 46.3, lower than 48.1 in September. Expected inflation for the next year increased from 4.6% to 4.7%, and long-term expected inflation increased from 3.4% to 3.5%. The University of Michigan explained that the evaluation of conditions for purchasing durable goods has worsened due to high inflation and borrowing costs.

Next week, major banks' third quarter performance and US price index will be released. Following the performance announcements of JP Morgan Chase and Goldman Sachs on the 13th, the Consumer Price Index (CPI) for September will be released on the 14th. The main points to watch are whether corporate profits can support the rise in stock prices and how price trends will affect the Federal Reserve's decision to raise interest rates further.