New York stock market rises on expectations of rebound in technology stocks and easing tensions in the Middle East

(New York = Yonhap News) Correspondent Soo-jeong Lim = On the 9th (local time), the New York stock market closed higher on expectations of a rebound in technology stocks and easing tensions in the Middle East.

On this day, the Dow Jones Industrial Average ended trading at 51,654.95, up 423.31 points (0.83%) from the previous day.

The S&P 500 index closed at 7,811.54, up 46.18 points (0.59%) from the previous day, and the Nasdaq composite index closed at 27,366.17, up 172.83 points (0.64%).

The index gained upward momentum as technology stocks, which fell the previous day due to concerns about the growth of the artificial intelligence (AI) industry, rebounded.

President Donald Trump's announcement that he would not attack Iran before the U.S. midterm elections next month and the announcement of a large-scale diesel supply agreement with Russia also improved investor sentiment.