The Dow Jones Industrial Average fell 0.3% to close at 52,231.89, marking its third negative session in four. UnitedHealth contributed positively to the Dow, while Caterpillar had the most significant negative impact. The S&P 500 decreased by 0.38% to 7,520.93, its first decline in three sessions, closing above its 200-day moving average but below its 50-day average.
Despite this drop, the index remains only 4.1% shy of its record high. The Nasdaq Composite saw a more substantial decline of 0.74%, closing at 25,065.87, and is now 9.6% below its record high, having closed below both its 50-day and 200-day moving averages. This overall market downturn reflects growing concerns among investors regarding potential monetary policy changes