[Anchor]
The New York Stock Exchange, which has seen a sharp decline this week, has renewed its all-time high.
Unlike retail prices, wholesale price growth appeared to have led the rally higher, with Tesla shares plunging, mixed with joy and sorrow.
I'm correspondent Hong Sang-hee from Washington.
[Reporter]
The New York Index laughed again in a day.
The Dow Jones rose 0.97% from a day earlier and the S&P 500 also rose 0.61% to hit an all-time high, surpassing 5,800 points for the first time ever.
The Nasdaq Composite also rose 0.33% to close at 8,342.94.
The U.S. stock market, which fell in unison in September as the consumer price index rose 0.2% above market expectations, was bolstered by a rise in the producer price index (PPI), a wholesale price, that fell short of forecasts.
[Brian Mulberry/Jacks Investment Management Manager: Producer Price Index came in lower than expected this morning. That's good news. That's because it means that the Fed can still cut interest rates two more times.]
But the joys and sorrows were mixed.
Tesla plunged nearly 9% a day ago as Elon Musk's self-driving driverless taxi "Robo" was evaluated to have fallen short of expectations.
At one point during the day, Tesla's market capitalization was $695.8 billion at the close, evaporating $67 billion.
On the other hand, shares of ride-sharing platform "Uber," which was expected to be hit by Tesla's robo-taxi, jumped 10.83%, while "Lift" also rose 9.59%.
JPMorgan Chase, the world's largest financial company, also saw its stock price rise 4.4% and Wells Fargo rose 5.6%, as its third-quarter earnings beat expectations.
Oil prices, which had also been on a sharp decline this week, fell slightly.
West Texas Intermediate crude for November delivery closed at $75.56 a barrel and Brent closed at $79.04 a barrel on the New York Mercantile Exchange.
I'm Hong Sang-hee from Washington.
Video editing: Ko Chang-young
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