New York stock market mixed amid rising oil prices and weak semiconductors... Dow rises alone (comprehensive)

(New York = Yonhap News) Correspondent Kim Yeon-sook = On the 12th (local time), the three major indices of the New York stock market closed at mixed prices.

While trading was generally quiet due to Columbus Day, a public holiday in the United States, the S&P 500 Index and Nasdaq Composite Index showed weakness due to the rise in international oil prices and the selling of memory semiconductor stocks.

On this day, the Dow Jones Industrial Average ended trading at 51,850.55, up 195.60 points (0.38%) from the previous day.

The S&P 500 index closed at 7,807.24, down 4.30 points (0.06%) from the previous day, and the Nasdaq composite index closed at 27,245.90, down 120.27 points (0.44%).

International oil prices rose for three consecutive trading days as geopolitical tensions heightened in the aftermath of the attack on Riyadh International Airport in Saudi Arabia.

Brent crude oil for December delivery ended at $106.65 per barrel, up 1.84% from the previous trading session, and U.S. West Texas Intermediate (WTI) crude oil for November delivery rose 2.06% to $93.74.

In the technology stock sector, the sluggish performance of memory semiconductor-related stocks was noticeable.

The news that Changshin Memory (CXMT), which is considered the 'leading edge' of China's semiconductor independence, has made new progress in DRAM memory technology and plans to use this to introduce next-generation server products within this year seems to have had an impact.

The Philadelphia Semiconductor Index fell 2.60%, and Micron Technology plummeted 3.88%.

SK Hynix American Depository Receipt (ADR) also fell 4.02%.

Other technology stocks such as NVIDIA, Broadcom, and AMD also fell by around 2%.

Market participants are maintaining a sense of vigilance, watching the performance announcements of major financial companies that will begin in earnest this week and the release of major economic indicators such as the Consumer Price Index (CPI) and Producer Price Index (PPI) in September.

“There are a lot of factors to be wary of,” said Robert Pavlik, senior portfolio manager at Dakota Wealth.