Stock Market Today: Dow rises 200 points, S&P 500 and Nasdaq fall as U.S. oil prices drop below $74 a barrel after Treasury allows Iran oil sales for 60 days
The Dow Jones Industrial Average reached a new record close following a pause in U.S.-Iran hostilities. The S&P 500 and Nasdaq fell. U.S. oil prices dropped below $74 a barrel after the Treasury allowed Iran oil sales for 60 days.
What changed
The Dow closed above 52,000 for the first time on Monday.
Live updates
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Dow Hits Record High While S&P 500 and Nasdaq Decline
confidence 80%The Dow Jones Industrial Average reached a new record close following a pause in U.S.-Iran hostilities. The S&P 500 and Nasdaq fell. U.S. oil prices dropped below $74 a barrel after the Treasury allowed Iran oil sales for 60 days.
What's confirmed:
- The Dow Jones Industrial Average reached a new record close.
- The S&P 500 and Nasdaq declined.
- The Dow closed above 52,000 on Monday.
Still unconfirmed:
- U.S. oil prices dropped below $74 a barrel because the Treasury allowed Iran oil sales for 60 days.
- Alphabet gains contributed to the Dow's record close.
- The S&P 500 climbed 1.2% on Monday.
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Dow Hits Record Close While S&P 500 and Nasdaq Decline
confidence 80%The Dow Jones Industrial Average reached a new record close amid potential peace deals between the U.S. and Iran. Conversely, the S&P 500 and Nasdaq fell, influenced by declines in SpaceX stock and ongoing tech weakness. Investors are also awaiting the Federal Reserve's first meeting under Chair Warsh.
What's confirmed:
- The Dow Jones Industrial Average posted a new record close.
- The S&P 500 and Nasdaq declined.
- U.S.-Iran peace talks are a focal point for investors.
Still unconfirmed:
- SpaceX stock declines contributed to the fall of the S&P 500 and Nasdaq.
- The market is awaiting Chair Warsh's first Federal Reserve meeting.