US-Iran Talks Uncertainty Sends Dow Down 60.95 Points, Nasdaq Down 85.26
On the 10th, the Dow Jones Industrial Average fell 60.95 points to close at 53,975.98, while the Nasdaq Composite dropped 85.26 points to 26,605.36, as uncertainty over US-Iran negotiations on ending hostilities weighed on sentiment. President Trump said Iran demanded compensation for damages from the conflict, while the US also seeks compensation from Iran. Among individual stocks, Nvidia and Travelers declined, while Chevron rose.
On the 10th, the Dow Jones Industrial Average closed at 53,975.98, down 60.95 points from last Friday. Heightened uncertainty over the prospects of US-Iran negotiations to end the fighting led to a predominance of selling. President Trump said on the same day that Iran demanded compensation from the US for damages caused by the conflict, while the US also demands compensation from Iran.
The Nasdaq Composite Index closed at 26,605.36, down 85.26 points. Among individual stocks, semiconductor company Nvidia and insurer Travelers saw their share prices decline, while oil company Chevron rose.