On the 25th, the Dow Jones Industrial Average on the New York Stock Exchange fell for the first time in six trading days, closing at 39,112.16, down 299.05 cents from the previous day.
Following five consecutive trading days of increases up until the previous day, profit-taking sell orders increased, causing the price to fall by more than $400 at one point.
However, with the release of the U.S. personal consumption expenditures (PCE) price index for May due on the 28th, the decline was limited as investors sought to gauge the Federal Reserve’s stance on lowering interest rates.
The Nasdaq Composite Index, dominated by technology stocks, rebounded for the first time in four trading days, rising 220.83 points to 17,717.65.
Semiconductor giant Nvidia, which had fallen sharply for the previous three trading days, was bought back on this day, leading the Nasdaq to rise.
Source: Japanese