Dow Falls 184.13 Points, Nasdaq Drops 159.91 as Iran Peace Hopes Fade
US stocks extended declines on Nov. 11 as optimism over a US-Iran peace agreement faded. The Dow Jones Industrial Average fell 184.13 points to close at 53,791.85, while the Nasdaq Composite lost 159.91 points to end at 26,445.45. An Iranian official said the Strait of Hormuz would remain closed unless the US accepts conditions to end the war, cooling investor sentiment. Alphabet and Nike saw notable drops, while Home Depot attracted buying.
On the 11th, the Dow Jones Industrial Average on the New York Stock Exchange extended its decline, closing down 184.13 points at 53,791.85. The main backdrop was fading optimism over a US-Iran peace agreement, with sell orders dominating trading. A senior Iranian official said the Strait of Hormuz would remain closed unless the US accepts conditions to end the war, a statement that cooled investor confidence.
The technology-heavy Nasdaq Composite also fell, losing 159.91 points to end at 26,445.45. Among individual stocks, IT company Alphabet and sporting goods maker Nike posted notable declines, while home improvement retailer Home Depot attracted buying interest.