On the 1st, the Dow Jones Industrial Average of the New York Stock Exchange fell for the first time in four business days, closing at $42,156.97, down $173.18 from the previous day.

Expectations for another major interest rate cut by the US Federal Reserve (Fed) faded, and sell orders were predominant.

Fed Chairman Jerome Powell’s statement the day before that there was “no need to rush” to cut interest rates in the future was a reminder.

Defense and energy-related stocks were bought as tensions in the Middle East increased following Iran’s missile attack on Israel.

The tech-heavy Nasdaq Composite Index fell, dropping 278.81 points to 17,910.36.