Dow hits new high amid mixed global stocks
There was a significant increase in the Dow Jones Index, reaching its highest closing level, supported by stocks in the healthcare and financial sectors, amid optimism about efforts to end the Iran war and improvements in the Gulf region. Meanwhile, Qualcomm’s shares declined after disappointing earnings results, and European markets and Asian stocks were affected by a drop in chip company shares, especially with expectations of a rate hike in Europe. Gulf stocks showed mixed performance, with some indices declining in certain exchanges and others, like Emaar in Dubai, rising. The Saudi market also saw a decline, with the share of Kingdom Holding Company falling by up to 10%. Additionally, the Japanese Nikkei index experienced its largest drop in three weeks, following a decline in technology shares linked to artificial intelligence.
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