[US Market News] S&P 500 Hits Record High Again, Yen Falls to 149 Yen Range - Focus on CPI

October 10, 2024 5:52 JST
The dollar index extended gains for 8 consecutive business days, maintaining an increase after the release of the FOMC meeting minutes.
The CPI in September is expected to rise by 0.1% compared to the previous month, the smallest increase in three months.

On the 9th, the U.S. stock market rose. The S&P 500 stock price index approached the 5800 mark, marking the 44th all-time high this year. Market focus is now turning to the release of the Consumer Price Index (CPI) for September on the 10th.

In terms of sectors, technology continued to lead the market on this day. Apple rose by 1.7%. Nvidia, the semiconductor company that had been rising for 5 consecutive business days until the previous day, experienced a slight decline. Tesla, ahead of the 'RoboTaxi' unveiling event, closed 1.4% lower.

Large technology stocks have been experiencing volatility in both directions recently. Solita Marcelli, Chief Investment Officer (CIO) of UBS Global Wealth Management, pointed out that stock price declines present attractive buying opportunities. She stated, 'We remain optimistic about the outlook for the technology sector and artificial intelligence (AI). We believe that utilizing volatility to build long-term exposure to AI is important.'