[New York Stock Market] All three major indexes rise in unison...Semiconductors lag despite tech rebound

[Financial News]  

All three major New York stock indexes closed higher in unison on the 9th (local time). A rebound in technology stocks lifted both the S&P 500 and the Nasdaq, which had fallen the previous day.
Semiconductor stocks, by contrast, remained weak as bellwether Nvidia struggled.
Big Tech stocks generally performed well, with Palantir surging 5.2% and Tesla 2%.
Meanwhile, the 12th is Columbus Day, a national holiday, but the New York stock market will be open as usual.

All three major indexes closed higher on the day ahead of the weekend.
The Dow Jones Industrial Average closed up 423.31 points (0.83%) at 51,654.95, compared with the previous session.
The S&P 500 closed up 46.18 points (0.59%) at 7,811.54, while the Nasdaq rose 172.83 points (0.64%) to 27,366.17.
The Nasdaq 100 Index, made up of 100 large-cap technology stocks, rose 157.34 points (0.51%) to 30,883.15. TQQQ, a leveraged exchange-traded fund (ETF) that tracks three times the index’s daily moves, closed up $1.05 (1.31%) at $81.28.
With the Nasdaq setting record highs on the 5th and 6th, and the S&P 500 doing so on the 6th, all three major indexes also posted weekly gains.
The Dow rose 0.93% for the week, while the S&P 500 and Nasdaq gained 1.15% and 0.64%, respectively.

Semiconductor stocks remained weak, though their losses were not steep.
Bellwether Nvidia fell $1.20 (0.52%) to $229.28, while memory-chip maker Micron closed down $6.84 (0.66%) at $1,029.00.
Intel fell $2.38 (2.22%) to $104.70, while SK hynix’s American depositary receipt (ADR) closed down $1.47 (0.86%) at $169.03.
The Philadelphia Semiconductor Index (SOX) fell 51.29 points (0.41%) to 12,571.42, while the New York Stock Exchange (NYSE) Semiconductor Index closed down 20.92 points (0.58%) at 3,588.38.
Direxion Daily Semiconductor Bull 3X Shares (SOXL), a leveraged semiconductor ETF that tracks three times the daily moves in the share prices of 30 major semiconductor stocks, fell $2.76 (1.94%) to close at $139.76. SOXL plunged 14.6% for the week.

Nvidia struggled, but Big Tech stocks generally performed well.
Alphabet rose $3.37 (0.97%) to $351.66, while Palantir surged $10.27 (5.17%) to $209.05.
Elon Musk’s Tesla jumped $7.70 (2.05%) to $382.70, while SpaceX closed up $2.00 (1.25%) at $162.57.
Amazon surged $8.37 (3.29%) to $262.43, while Microsoft (MS) rose $12.46 (2.38%) to $535.07.
Apple, which was reported to have cut orders for the iPhone 18 Pro, by contrast, closed down $3.78 (1.11%) at $336.64.

[email protected] Song Gyeong-jae Reporter