New York Stock Exchange Closes Down Alongside Overheating 'Trump Rally'

The New York Stock Exchange's three major stock indexes closed lower for the first time since the U.S. presidential election as profit-taking sales came amid speculation that the "Trump Rally," which began with President-elect Donald Trump's victory, was overheated for a short time.

On the New York Stock Exchange, the Dow Jones 30 Industrial Average, which comprises blue-chip stocks, closed at 43,910.98, down 382.15 points or 0.86% from the previous session.The

Standard & Poor's 500 index closed at 19,281.40, down 17.36 points and 0.29% from the previous session, while the Nasdaq Composite index closed at 19,281.40, down 17.36 points and 0.09% from the previous session.

It is the first time since the 4th that the three major stock indexes ended with a simultaneous decline, and the stock index, which had been rallying in anticipation of the second Trump administration, was adjusted conscious of short-term overheating.

Elon Musk's Tesla, which contributed significantly to Trump's presidential victory, also fell more than 6%, with profit-taking sales pouring in.