New York Stock Exchange Completed the Day with a Strong Rise.

Positive Trend on the New York Stock Exchange

Today, the New York stock exchange closed in the green due to decreasing concerns over geopolitical tensions and positive data showcasing the strength of the US economy. Despite the fluctuations experienced throughout the day, investors completed the session with overall optimism at the market close.

Dow Jones Index Shows Strong Climb

At the close, the Dow Jones index increased by over 300 points, rising by %0.63 to 49,384.01 points. Simultaneously, the S&P 500 index rose by %0.55 to 6,913.35 points, while the Nasdaq index reached 23,436.02 points with a %0.91 gain. These increases bolster investors' confidence in the markets.

Economic Data Shows Positive Impact

The potential cancellation of tariffs by US President Donald Trump concerning some European countries related to Greenland also supported the positive atmosphere in the markets. In light of these developments, the economic data announced is also noteworthy. The third quarter growth figures for last year were revised to show a 4.4 percent increase, marking the highest growth performance since the third quarter of 2023.

Unemployment Claims and Inflation Data

In the US, the number of individuals filing for unemployment benefits rose by 1,000 to 200,000 during the week of January 17. However, this figure fell short of investors' expectations. Additionally, the core personal consumption expenditures price index, which the USD Fed monitors as an inflation indicator, increased by %0.2 month-on-month and %2.8 year-on-year in November of last year, indicating an optimistic picture of the economic situation.

In Conclusion

The rise in today's stock market closing indicates that the overall landscape of the US economy is solid. Investors will closely monitor the new economic data and decisions made by the central bank in the coming days.