Overview
- The Dow Jones Industrial Average fell 74.37 points to 47,632.00 after briefly topping 48,000 during the session.
- The Nasdaq Composite rose 130.98 points to a record close of 23,958.47 on continued strength in artificial intelligence–linked tech stocks.
- The Federal Reserve has delivered two consecutive 0.25 percentage point cuts, but a further move in December is not assured.
- Selling picked up as investors anticipated a slower pace of U.S. monetary easing, pressuring blue-chip and cyclical shares.
- Tokyo opened higher, with the Nikkei 225 at 51,365.79, up 58.14 yen as traders digested the U.S. market signals.