US Stock Market Loses Upward Momentum... Tesla's Strength Stands Out

[Asia Economy New York=Correspondent Baek Jong-min] On the 18th (local time), the day of simultaneous expiration of futures and options, the New York stock market closed with the Dow Jones Industrial Average down 244.56 points (0.88%) at 27,657.42, the S&P 500 index down 37.54 points (1.12%) at 3,319.47, and the Nasdaq index down 116.99 points (1.07%) at 10,793.28.

Contrary to concerns, there was no major plunge, but Apple’s stock price fell more than 3.1% that day, while Facebook dropped 0.9% and Amazon fell 1.8%, leading the Nasdaq decline. Tesla’s stock price rose 4.4%, raising expectations for the upcoming 'Battery Day' next week.

December delivery gold closed at $1,962.10 per ounce, up 0.6% ($12.20). On that day, the dollar index, which shows the value of the dollar against major currencies, fell more than 0.1%, giving gold prices upward momentum.

October delivery West Texas Intermediate (WTI) crude oil closed at $41.11 per barrel, up 0.3% ($0.14).