The three major U.S. stock indexes in New York opened mixed as investors watched the course of the war between the United States and Iran.
As of 10:26 a.m. on the 24th (local time) on the New York Stock Exchange, the Dow Jones Industrial Average fell 162.05 points, or 0.33%, to 49,148.27 from the previous session. The Standard & Poor's (S&P) 500 rose 18.91 points, or 0.27%, to 7,127.31, and the Nasdaq composite gained 175.22 points, or 0.72%, to 24,613.72.
The mixed move in the three major New York stock indexes was seen as a result of lingering Middle East war tensions alongside rising expectations for renewed talks between the United States and Iran.
U.S. Defense Secretary Pete Hegseth attended a war briefing the same day and stressed that "any attempt by Iran to lay additional mines would be a violation of the cease-fire," warning that the maritime blockade against Iran will continue as long as necessary and that time is not on Iran's side.
However, news that Iranian Foreign Minister Abbas Araghchi will visit Islamabad, Pakistan, improved investor sentiment. Iran's semi-official Mehr News Agency reported that starting the evening of the same day, Iran time, Foreign Minister Abbas Araghchi will tour Islamabad, Pakistan, Muscat, Oman, and Moscow, Russia.
According to the outlet, the purpose of the visit is bilateral consultations, discussions and dialogue on ongoing regional issues, and updates on the forced war that the U.S. and Israeli regimes are waging against Iran.
By sector, utilities, consumer staples and industrials were strong.
Intel, buoyed by the boom in artificial intelligence (AI) agents, issued second-quarter revenue guidance of $13.8 billion to $14.8 billion, above the market expectation of $13.0 billion, sending its shares up 21.77%. With Intel's gains lifting sentiment toward AI-related investment, tech stocks were broadly stronger. Arm Holdings and Lam Research rose 6.79% and 4.13%, respectively.
Meanwhile, European stocks fell.
The Euro Stoxx 50 was down 0.25% at 5,879.94 from the previous session. The U.K.'s FTSE 100 and Germany's DAX slipped 0.65% and 0.04%, respectively, while France's CAC 40 fell 0.82% from the prior close.