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U.S. stock market overview for the 17th: Dow surges 868 points, Nasdaq extends winning streak to 13 days
U.S. stocks rallied on the 17th, with the Dow Jones Industrial average surging 868.71 points to close at 49,447.43, marking a significant consecutive gain. Expectations for an end to the Middle East conflict rose, driving U.S. crude oil futures sharply lower. This boosted investor risk appetite and spurred buying in major stocks. However, Iran subsequently announced the re-closure of the Strait of Hormuz, and U.S. stock index futures fell as of Japan time on the 20th.
Caterpillar, Goldman Sachs group, and Home Depot showed solid gains. Autoliv, Royal Caribbean Cruises, and Carnival also advanced. Meanwhile, Chevron and Exxon Mobil traded lower.
The Nasdaq composite index climbed 365.77 points to 20,468.48, extending its winning streak to 13 consecutive sessions. Apple and Tesla attracted buying, while MicroStrategy surged. On the downside, Netflix fell sharply.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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