Nasdaq Successfully Settles Above 10,000... Tesla Surpasses $1,000 (Comprehensive)

[Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] The Nasdaq index has finally succeeded in settling above the dream threshold of 10,000 points.

On the 10th (local time) at the New York Stock Exchange, the Nasdaq index closed at 10,020.35, up 66.59 points (0.67%). This marks the third consecutive day of record highs and the first time closing above 10,000. The Nasdaq had also risen above 10,050 intraday the previous day, but the late-session gains diminished, failing to close above 10,000.

Meanwhile, the Dow Jones Industrial Average fell 282.31 points (1.04%) to 26,989.99, and the S&P 500 index dropped 17.04 points (0.53%) to 3,190.14. These two traditional stock-based indices moved in the opposite direction to the Nasdaq for the second consecutive day.

Although both indices, which were weak earlier in the day, rebounded after the Federal Reserve (Fed) indicated a zero interest rate hold and the possibility of maintaining rates through 2022, they did not gain upward momentum like the Nasdaq.

On this day as well, IT giants such as Apple, Microsoft (MS), and Amazon rose between 1% and 3%, driving the Nasdaq index higher. Electric vehicle maker Tesla surged 8.9%, entering the $1,000 range for the first time ever.

Boeing, a key component of the Dow index, fell 6.14%, contributing to the index's decline.