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U.S. Stock Markets on the 2nd: Dow Falls 61 Points, Nasdaq Edges Up for Third Straight Day
U.S. stock markets on the 2nd saw the Dow Jones Industrial Average fall 61.07 points to 46,504.67, posting a modest decline for the first time in four days. President Trump delivered an address to the American people on the 1st, in which he indicated his administration would continue ceasefire negotiations with Iran while also revealing plans to launch extremely strong attacks on Iran over the next two to three weeks. Concerns over a prolonged Middle East conflict weighed on the broader market.
Caterpillar, Sherwin-Williams, and Home Depot declined, while Dine Brands Global and Alto Neuroscience fell sharply. On the other hand, UnitedHealth Group and IBM performed well. Spotify Technology and Roblox were higher.
The Nasdaq Composite Index rose 38.23 points to 21,879.18, extending its gains for a third consecutive day albeit modestly. Microsoft was firm. Intel, Advanced Micro Devices, and Netflix were bought, while Globalstar, Sigma Lithium, and Penguin Solutions surged. Tesla, however, declined sharply, and Vital Farms explored lower levels.
Source: MINKABU PRESS
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