International oil prices fell for 5 consecutive trading days, driving the stock market... SanDisk↑·Uber↓ Mixed joys and sorrows

International oil prices fell for 5 consecutive trading days, driving the stock market... SanDisk↑·Uber↓ Mixed joys and sorrows

(Los Angeles = Yonhap News) Correspondent Kyung-yoon Kim = With the market closely watching the actions of the United States and Iran facing each other at the United Nations General Assembly, the three major New York stock indexes ended at mixed prices.

On the 22nd (local time), the NASDAQ composite index centered on technology stocks closed at 27,244.28, up 122.18 points (0.45%) from the previous day, breaking an all-time high based on the closing price.

The Standard & Poor's (S&P) 500 index was almost unchanged at 7,764.64, down 0.06 points (0.0%) from the previous day, and the closing price of the Dow Jones Industrial Average was 51,863.69, down 185.14 points (0.36%).

At the United Nations General Assembly in New York that day, the mayor made noteworthy remarks.

U.S. President Donald Trump met with reporters at the United Nations General Assembly in New York and said, "(The meeting with Iran) was a very good meeting. We had a very productive meeting, and additional meetings are scheduled in the very near future."

Earlier, in his keynote speech, President Trump mentioned both an agreement with Iran and the possibility of an attack, saying, "An important decision must be made."

In addition, there were reports that Iran proposed a plan to reopen the Strait of Hormuz within 7 days on the condition of easing military pressure from the United States.

Crude oil investors continued the previous day's trend by focusing on the visible supply recovery rather than reacting one by one.

The November contract for Brent crude oil and the October contract for West Texas Intermediate (WTI) fell 1.1% and 1.2%, respectively, and were traded below $100 per barrel, serving as a support material for the stock market.

Artificial intelligence (AI)-related stocks also continued to advance.

As Meta's AI assistant 'Muse' received a positive response from consumers, the semiconductor company's stock price rose significantly following the previous day. SanDisk's stock price jumped 6.8% and Micron's rose 5%.

Muse is an AI service that can act as a secretary, from writing emails to making reservations and managing schedules.

On the other hand, as the possibility of Muse replacing existing services increased, consumer-facing technology stocks such as Uber, Lyft, and Expedia showed a slowdown.

The stock price of Uber, a ride-sharing service included in the S&P 500 index, fell 1.3% and Lyft fell 2.4% on the day.