New York Stock Exchange Sets New Nasdaq Record Due to Strong Big TechMixed finish

The New York Stock Exchange closed the last trading day of the fourth week of October on a mixed note.

The Nasdaq Composite rose to its highest record during the day as big tech companies were strong ahead of their earnings reports, but U.S. Treasury yields were a stumbling block.

On the New York Stock Exchange, blue-chip group Dow Jones 30 Industrial Average closed at 42,114.40, down 259.96 points and 0.61% from the previous session.

The Standard & Poor's 500 index, which is centered on large-cap stocks, was 5,808.12, down 1.74 points and 0.03% from the previous session.

The tech-heavy Nasdaq Composite rose to 18,690.01 during the day, breaking a record high and gaining 103.12 points or 0.56% from the previous session to 18,518.61.

At the close of the stock market, the 10-year U.S. Treasury yield rose 0.0381% to 4.24%, compared to the previous day.

"The remarkably high government bond rate seems to have caused a lot of uncertainty, which is a problem for the stock market," financial information firm MRB Partners said.

In addition, the direction of the stock market has been shaken by concerns over Israel's retaliation against Iran, as oil prices have jumped and market volatility has increased.