NY stocks fall by 197 points, pending midterm election results

[New York Current Affairs] The New York stock market fell on the 3rd amid a mix of buying and selling as stocks adjusted their holdings as they awaited the results of the U.S. midterm elections. The Dow Jones Industrial Average, which is made up of blue-chip stocks, closed at $51,786.72, down $197.26 from the previous day's closing price. The NASDAQ Composite Index, which is centered on high-tech stocks, rebounded for the first time in four business days to close at 25,372.01, up 207.65 points.

Voting day for the US midterm elections was on the 3rd. In the stock market, semiconductor stocks and other stocks were bought, and the sell-off that had recently intensified due to concerns about the financial results of high-tech giants came to a halt before the election results were announced. Among Dow constituents, Microsoft and Nvidia rose in value. However, Apple was sold after its earnings report the day before showed that rising costs due to a shortage of semiconductors could weigh on its performance.