(New York=Yonhap Infomax) Jin Woo Choi — The three major U.S. stock indices closed higher in tandem.


The New York stock market opened higher on bargain-hunting following recent excessive declines, but saw significant intraday swings, briefly turning negative before rebounding.


Volatility was fueled by caution ahead of Nvidia Corp.'s earnings amid ongoing debate over an artificial intelligence (AI) bubble, as well as fading expectations for a Federal Reserve rate cut in December.


On the 19th (U.S. Eastern Time), at the close of trading on the New York Stock Exchange (NYSE), the Dow Jones Industrial Average rose 47.03 points, or 0.10%, to finish at 46,138.77.


The S&P 500 gained 24.84 points, or 0.38%, to close at 6,642.16, while the Nasdaq Composite advanced 131.38 points, or 0.59%, to 22,564.23.


The Dow Jones and S&P 500 ended higher for the first time in five sessions, while the Nasdaq snapped a three-day losing streak. Nvidia, a leading AI stock, climbed 2.85%.


jwchoi@yna.co.kr


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