Dow Jones falls 225 pts, Nasdaq closes higher

Most US stock indices declined on Thursday as the new tariffs on certain countries took effect today, while awaiting President Donald Trump’s announcement of candidates to chair the Federal Reserve after Jerome Powell’s term ends.

Dow Jones Industrial Average fell 0.51%, or 224 points, to 43,968 points. The broader S&P 500 index edged down 5 points to 6,340 points, while the Nasdaq Composite rose 0.35%, or 73 points, to 21,242 points.

Nasdaq was supported by gains in semiconductor stocks, with the VanEck Semiconductor ETF—tracking the sector—rising 1.57% to $291.12.

In Europe, the Stoxx Europe 600 gained 0.90% to 546 points, led by a 1.70% rise in the technology sector. Germany’s DAX added 1.1% to 24,192 points, and France’s CAC 40 rose 1% to 7,709 points, while the UK’s FTSE 100 fell 0.7% to 9,100 points.

In Japan, the Nikkei 225 climbed 0.65% to 41,059 points, and the broader Topix index rose 0.70% to 2,987 points after hitting 2,993 points—its highest level ever.

In commodities, Brent crude futures for October delivery fell 0.69%, or 46 cents, to $66.43 a barrel.

WTI crude futures for September delivery declined 0.73%, or 47 cents, to $63.88 a barrel.

Gold futures for December delivery rose 0.60%, or $20.3, to $3,453.70 an ounce.