Major indexes on the New York stock market ended mixed as profit-taking sales continued in tech stocks that had faced overvaluation controversy.
On the 16th (U.S. Eastern time), the Dow Jones Industrial Average finished up 328.64 points, or 0.64%, at 51,999.67. With the gain, the Dow set a record high.
The Standard & Poor's (S&P) 500 fell 42.94 points, or 0.57%, to 7,511.35, while the tech-heavy Nasdaq composite lost 307.60 points, or 1.15%, to 26,376.34.
Investors moved to take profits, centering on recently surging tech stocks, after international oil prices plunged on the United States and Iran reaching a cease-fire deal.
Micron, a memory chipmaker that soared more than 10% the previous day, fell 6.22%. SanDisk (-5.52%), Intel (-8.45%), Marvell Technology (-9.92%), and AMD (-7.30%)—semiconductor names that had extended recent rallies—also dropped sharply across the board.
SpaceX, which listed last week, rose 4.83%, marking a third straight trading day of gains since listing. The day's rise pushed its market capitalization above $2.6 trillion, placing it fifth globally by market cap, ahead of Amazon.
Market focus is now shifting to the results of the U.S. Federal Reserve (Fed) monetary policy meeting to be released on the 17th. At the Federal Open Market Committee (FOMC), the first since new Chair Kevin Warsh took office, the prevailing view is that the Fed will hold the benchmark rate at the current 3.50% to 3.75% per year.