The U.S. New York stock market closed mixed on the 24th (local time). The Dow Jones Industrial Average rebounded successfully after two consecutive days of selling, but the Standard & Poor's 500 Index and the Nasdaq Index fell for three consecutive days.
On the same day, the S&P 500 Index, centered on large-cap stocks, closed at 5,983.25, down 29.88 points (0.50%) from the previous session on the New York Stock Exchange (NYSE). The Nasdaq Index, focused on technology stocks, finished at 19,286.92, down 237.08 points (1.21%) from the previous session. The Dow Jones Industrial Average closed at 43,461.21, up 33.19 points (0.08%) from the previous trading day.
The decline in the New York stock market was driven by concerns regarding the trade war initiated by U.S. President Donald Trump. Trump said just before the market closed that "the one-month grace period for a 25% tariff on Canada and Mexico will end next week, and the tariffs will be applied as scheduled." In response, Scott Helphstein, head of investment strategy at Global X, noted, "The White House has received investors' support during the first four weeks of the term, but the honeymoon may be coming to an end."
Now, investors are paying attention to the corporate earnings that will be released over the coming week. The earnings report from Home Depot, set to be announced on the 25th, is expected to serve as an indicator of how American consumers are faring. On the 27th, leading artificial intelligence (AI) company Nvidia is scheduled to announce its earnings, attracting market interest.