Dow Sets Record High as Gold Plunges; Nikkei Surges Amid Diverging Global Forces – Oct 21, 2025 Market Wrap

On October 21, 2025, the Dow closed at a record high while gold pulled back sharply from all-time highs. Japan’s Nikkei surged on optimism around new leadership, but China’s property market slump and Argentina’s peso crisis highlight diverging global forces. Here’s the full market wrap.