JAKARTA - The United States stock market closed mixed on Monday. The Dow Jones is still strengthening, but the Nasdaq weakened sharply due to pressure on technology stocks.
As reported by Anadolu Agency quoted Tuesday, June 23, the Dow Jones Industrial Average rose 148.01 points or 0.29 percent to 51,712.71. However, the S&P 500 fell 0.37 percent or 27.79 points to 7,472.79.
The Nasdaq Composite, an index that contains many technology stocks, fell 1.32 percent or 352.33 points and closed at 26,166.60.
The Volatility Index or VIX, often referred to as the market's "fear index", rose 5.37 percent to 17.28. VIX is commonly used to read investor anxiety levels in the stock market.
Market movements occurred amid hopes for negotiations between the United States and Iran. Qatar and Pakistan stated that US and Iranian officials had agreed on a roadmap to reach a final agreement within 60 days.
The talks are aimed at permanently lowering geopolitical tensions in the Middle East.
US Treasury Secretary Scott Bessent also announced a temporary general license for 60 days that allows the production, shipment, and sale of Iranian oil.
After the news, Brent crude futures fell 3 percent to $78.22 a barrel.
The report said SpaceX, which just started trading on Nasdaq, announced plans to sell senior unsecured debt. The funds from the sale will be used to repay bridge loan debt.
SpaceX shares fell more than 16 percent. That was its worst daily performance since the initial public offering.
Alphabet shares also fell 5 percent after two of the company's key researchers left and will join a competitor.
Pressure also weighed on other major tech stocks. Nvidia fell 1 percent, Microsoft weakened 3.2 percent, and Amazon fell 4.8 percent.
Defense stocks fell after reports that US President Donald Trump called major contractors and Pentagon officials to the White House. The meeting is said to discuss the shortage of US ammunition stocks.
Lockheed Martin fell 3.4 percent, L3Harris Technologies fell 3 percent, Northrop Grumman fell 2.7 percent, RTX Corp. fell 2 percent, and General Dynamics fell 1.9 percent.
In Europe, most stock exchanges were positive. The Stoxx Europe 600 index rose 0.58 percent and closed at 639.27 points.
The FTSE 100 in Britain rose 0.72 percent to 10,437.85. Germany's DAX 40 gained 0.62 percent to 25,139.69. Spain's IBEX 35 rose 1.01 percent and closed at 19,542.30.
However, the French CAC 40 fell 0.25 percent to 8,400.11 points. Italy's FTSE MIB 30 also weakened 0.31 percent to 52,796.78.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
