US stocks mixed at close; Dow Jones drops nearly 100 pts

US stock indices closed mixed on June 24, as investors assessed the Iran-Israel ceasefire, developments in Trump administration’s trade and fiscal policy, and the future path of Federal Reserve monetary policy.

The Dow Jones Industrial Average fell 0.25%, or 106 points, to close at 42,982, though it remained up 1.9% for the week.

The S&P 500 closed flat at 6,092, while the Nasdaq Composite rose 0.31%, or 61 points, to 19,973.

Nvidia shares surged 4.33% to close at $154.31, marking a new all-time high and pushing its market capitalization to $3.76 trillion, regaining its title as the world's most valuable company, ahead of both Microsoft and Apple.

In Europe, the STOXX Europe 600 index fell 0.75% to 536.98, pressured by a 0.45% decline in oil and gas stocks.

Germany’s DAX dropped 0.60% to 23,498, while France’s CAC 40 slid 0.75% to 7,558.

The UK’s FTSE 100 declined 0.45% to 8,718.

In Asia, Japan’s Nikkei 225 climbed 0.40% to 38,942, its highest close since Feb. 19, while the broader Topix index was unchanged at 2,782.

In the oil market, Brent crude futures for August delivery rose by 0.80%, or 54 cents, to settle at $67.68 per barrel.

US NYMEX crude futures for August delivery increased by 0.90%, or 55 cents, to $64.92 per barrel.

As for gold, August futures for the yellow metal added 0.27%, or $9.20, to settle at $3,343.10 an ounce.

Federal Reserve Chair Jerome Powell testified before Congress for a second day, emphasizing the Fed’s continued cautious approach toward adjusting interest rates, citing uncertainty over the full economic impact of recent tariff measures.