Kevin Warsh, former Federal Reserve Board member, is appointed the next Federal Reserve chair./Courtesy of Reuters-Yonhap

On the 30th (local time), the three major U.S. stock indexes in New York closed lower.

On the New York Stock Exchange (NYSE), the Dow Jones Industrial Average finished at 48,892.47, down 179.09 points, or 0.36%, from the previous session. The Standard & Poor's (S&P) 500 fell 29.98 points, or 0.43%, to 6,939.03, and the Nasdaq composite ended the session at 23,461.82, down 223.30 points, or 0.94%.

Analysts said the move reflected President Donald Trump's designation of Kevin Warsh, known as a hawk, as a candidate for the next Federal Reserve (Fed) chair. They also pointed to the fact that silver, which had surged since last year, plunged more than 30% in a single day as another reason for the decline.

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