U.S. Markets Close Mixed Despite News of War-Ending Agreement

[Anchor] Here is the latest from the New York stock market. The three major U.S. stock indices closed mixed. While the Dow Jones Industrial Average hit record highs for two consecutive days, the Nasdaq fell by over 1%, and the S&P 500 also declined by more than 0.5%. By sector, financial and industrial stocks showed gains of over 1% each on expectations of an economic recovery, while technology stocks fell by 2%. The New York stock market opened higher on news of a war-ending agreement between the U.S. and Iran, which caused oil prices to plummet. However, the market turned mixed due to caution ahead of the Federal Open Market Committee (FOMC) meeting and the triple witching day (stock index futures, stock index options, and individual stock options expiration). In particular, profit-taking emerged, centered on major large-cap tech stocks including Nvidia, causing the Philadelphia Semiconductor Index to plunge 5.71%, which exerted downward pressure on the broader market. International oil prices fell more than 5% on news that the Strait of Hormuz would be fully reopened following the U.S.-Iran peace agreement. West Texas Intermediate (WTI) slipped to the $76 per barrel level, and Brent crude fell below the $80 mark for the first time in three months. This sharp drop in oil prices led to expectations that it would ease global inflationary pressure, reducing concerns over additional interest rate hikes by the Federal Reserve and driving strength in economically sensitive stocks. Among individual stocks, amid the weakness in semiconductor shares, AMD fell 7% and Broadcom dropped 4%. Conversely, SpaceX recorded a three-day winning streak since its listing, briefly surpassing Amazon in market capitalization during the session. As the market anticipates a rate freeze ahead of the Federal Reserve's decision, attention is also focused on the future moves of the new Chair, Kevin Warsh, who has been critical of the "dot plot."
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