Apple up 3%·Tesla up 5%... New York Stock Market Closes Higher on Tech Stock Strength

Nasdaq rises 1.11% over the week
WTI clings to $40 range... Gold drops over $10

[Asia Economy New York=Correspondent Baek Jong-min] The New York stock market showed a relatively large rise as technology stocks gained strength.

[Image source=Reuters Yonhap News]

On the 25th (local time), the Dow Jones Industrial Average rose 358.52 points (1.34%) to close at 27,173.96, the S&P 500 index increased 51.87 points (1.6%) to 3,298.46, and the Nasdaq index surged 241.3 points (2.26%) to 10,913.56.

On a weekly basis, the Dow fell 1.75%, the S&P 500 dropped 0.63%, but the Nasdaq rose 1.11%. The Dow and S&P 500 indices declined for four consecutive weeks.

The market was driven by major technology stocks such as Apple. Apple's stock price surged 3.8% that day. Other major tech companies like Amazon, Facebook, and Microsoft also rose more than 2% each.

Electric vehicle maker Tesla, which had plunged sharply after 'Battery Day,' also surged 5%, regaining the $400 level.

November delivery West Texas Intermediate (WTI) crude oil closed at $40.25 per barrel, down 0.2% ($0.06) from the previous day. December delivery gold fell 0.6% ($10.60) to $1,866.30 per ounce.