Dow Gains 0.3% as Iran Sanctions and Canada Threats Hit Nasdaq, Chips
Updated
Updated · Investor's Business Daily · Aug 24
Dow Gains 0.3% as Iran Sanctions and Canada Threats Hit Nasdaq, Chips
3 articles · Updated · Investor's Business Daily · Aug 24
Summary
The Dow finished higher Monday while the Nasdaq and other major indexes fell, with the blue-chip average ending off session highs but still posting a 0.3% gain.
Treasury Secretary Scott Bessent's outline of new Iran sanctions and President Donald Trump's renewed threats toward Canada weighed on risk appetite and split market performance.
Chip stocks led the downside: Micron, Sandisk and Nvidia slid, dragging on tech shares even as steel stocks rallied.
Trump's Canada pressure has become a recurring market driver, with a later report saying he threatened tariffs on cars, trucks, auto parts and steel starting Jan. 1, 2027.