In the US stock market on the 22nd, the Dow average closed at $51,863.69, down $185.14 from the previous day, as selling in financial stocks weighed on the market. Meanwhile, the Nasdaq set a record closing high for the 2nd straight day.
The Dow Jones Industrial Average closed at $51,863.69 in the New York stock market, down $185.14 from the previous day. It fell for the first time in 2 sessions, as selling in financial stocks weighed on the market. The decline was also attributed to the view that President Trump’s hard-line stance toward Iran in a speech to the United Nations had somewhat diminished expectations for easing tensions in the Middle East.
Meanwhile, the Nasdaq Composite, which has a high concentration of IT stocks, closed at 27,244.28, setting a record high for the 2nd consecutive day. As the Dow fell in response to developments in financial stocks, the relative strength of IT-related stocks supported the market’s overall performance.