[Asia Economy New York=Correspondent Baek Jong-min] The New York stock market closed mixed a day after the inauguration of the Joe Biden administration. Apple, which is set to announce its earnings the next day, recorded a rise of over 3% for two consecutive days.
On the 21st (local time), the Dow Jones Industrial Average fell 12.37 points (0.04%) to close at 31,176.01, the S&P 500 index rose 1.22 points (0.03%) to 3,853.07, and the Nasdaq index gained 73.67 points (0.55%) to finish at 13,530.91.
CNBC reported that the valuation of the stock market has reached historic levels, with the S&P 500 index rising 2.6% so far this year, spreading caution among investors.
The market focused on Apple, which is scheduled to announce earnings the following day. On this day, Apple's stock price showed a strong gain of 3.67%. Apple's stock has risen 7.6% this week. Thanks to Apple's rise, the Nasdaq index continued to set record highs.
The dollar value is falling again. The dollar index, which shows the value of the dollar against major currencies, fell 0.44% from the previous day to 90.067.
Following the inauguration of the Biden administration, with expectations of fiscal expansion, inflation, and interest rate hikes, the dollar index, which had been on the rise, is now expected to fall below the 90 level again.
The 10-year U.S. Treasury yield, which affects the dollar value, rose by 0.019 percentage points to 1.109%, climbing back above the 1.1% level.
March delivery West Texas Intermediate (WTI) crude oil closed at $53.13 per barrel, down 0.3% ($0.18) from the previous day. February delivery gold closed at $1,865.90 per ounce, down 0.1% ($0.60).
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