US-Iran Negotiations Stall, US Stocks Mostly Down

(CNA, New York, 23rd, Foreign Dispatch) Global stock markets mostly trended lower today, and the four major US indices traded choppily, mostly closing in the red, giving back some of their recent gains. The primary reason is that investors pared back their optimistic expectations for an end to the war in the Middle East.

The Dow Jones Industrial Average fell 179.71 points, or 0.36%, to close at 49,310.32.

The S&P 500 Index dropped 29.50 points, or 0.41%, to close at 7,108.40.

The Nasdaq Index fell 219.07 points, or 0.89%, to close at 24,438.50.

The Philadelphia Semiconductor Index rose 169.31 points, or 1.71%, to close at 10,078.57. (Translation: Yang Zhaoyan) 1150424