New York Stock Exchange Closes Down Alongside Overheating 'Trump Rally'

2024.11.13 AM 08:23
The New York Stock Exchange's three major stock indexes closed lower for the first time since the U.S. presidential election as profit-taking sales came amid speculation that the "Trump Rally," which began with President-elect Donald Trump's victory, was overheated for a short time.

On the New York Stock Exchange, the Dow Jones 30 Industrial Average, which comprises blue-chip stocks, closed at 43,910.98, down 382.15 points or 0.86% from the previous session.The

Standard & Poor's 500 index closed at 19,281.40, down 17.36 points and 0.29% from the previous session, while the Nasdaq Composite index closed at 19,281.40, down 17.36 points and 0.09% from the previous session.

It is the first time since the 4th that the three major stock indexes ended with a simultaneous decline, and the stock index, which had been rallying in anticipation of the second Trump administration, was adjusted conscious of short-term overheating.

Elon Musk's Tesla, which contributed significantly to Trump's presidential victory, also fell more than 6%, with profit-taking sales pouring in.



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