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Yahoo
6 days ago
- Business
- Yahoo
Stock Market News for Jun 16, 2025
Wall Street closed sharply lower on Friday, pulled down by tech and financial stocks. Investor mood was jittery on Iran's retaliation against Israel's attack, and the situation in the Middle East escalating heavily. All three benchmark indexes closed the session in the red. The Dow Jones Industrial Average (DJI) lost 1.8%, or 769.83 points, to close at 42,197.79. Twenty-eight components of the 30-stock index ended in negative territory, while two ended in positive. The tech-heavy Nasdaq Composite fell 255.66 points, or 1.3%, to close at 19,406.83. The S&P 500 slid 68.29 points, or 1.1%, to close at 5,976.97. Ten of the 11 broad sectors of the benchmark index closed in the red. The Financials Select Sector SPDR (XLF), the Technology Select Sector SPDR (XLK) and the Consumer Staples Select Sector SPDR (XLP) declined 2%, 1.4% and 1.2%, respectively, while the Energy Select Sector SPDR (XLE) advanced 1.4%. The fear-gauge CBOE Volatility Index (VIX) increased 15.5% to 20.82. A total of 17.9 billion shares were traded on Friday, lower than the last 20-session average of 18.2 billion. Decliners outnumbered advancers by a 6.1-to-1 ratio on the S&P 500. On Friday, markets felt war jitters as escalating tensions between Iran and Israel unnerved investors and triggered a broad selloff across global equity markets. Reports of missile exchanges and drone strikes between the two nations heightened fears of a larger Middle East conflict, raising concerns over global oil supply disruptions and geopolitical instability. Crude oil prices soared above $90 per barrel during intraday trading amid worries that a persisting conflict could disrupt the oil supply chain through the Strait of Hormuz, a key passageway for global energy supplies. The energy sector saw modest gains due to the surge in oil prices, but that was not enough to offset sharp declines in technology, financials and industrials. Safe-haven assets like gold and U.S. Treasury bonds gained as investors fled equities in search of stability. If tensions escalate further or end up drawing in other regional powers, the financial implications could be severe, potentially derailing the recent rally in U.S. equities driven by hopes of interest rate cuts and economic recovery. As geopolitical risks intensified, traders trimmed exposure to risk assets, causing a sudden reversal in sentiment that had been largely optimistic throughout early June. However, on cue, defense stocks took center stage. Consequently, shares of Lockheed Martin Corporation LMT and Northrop Grumman Corporation NOC rose 3.7% and 3.9%, respectively. Both currently carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. In the week, the S&P 500, the Nasdaq and the Dow fell 0.4%, 0.6% and 1.3%, respectively. The week started off on a good note with the United States and China negotiating a trade deal in London, and both the consumer and producer side inflation indicators showed that prices had gone up below expectations. However, a full-scale conflict between Israel and Iran that broke out late in the week weighed on the markets and pared whatever gains had been made. The University of Michigan's Consumer Sentiment for June came in at 60.5, increasing significantly from May's 52.2. This was the index's highest reading since February, when it was 64.7. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT) : Free Stock Analysis Report Northrop Grumman Corporation (NOC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Effettua l'accesso per consultare il tuo portafoglio
CNBC
13-06-2025
- Business
- CNBC
Israel-Iran conflict will hang over markets next week, with Fed meeting at hand
The Israel-Iran conflict will continue to hang over the stock market next week, as investors wait and see whether there will be an escalation in the region. Traders will also be awaiting the latest Federal Reserve meeting. Though the initial stock response to the attack was subdued, equity losses deepened on Friday afternoon. The Dow Jones Industrial Average lost more than 800 points as Iran launched missiles at Israel, according to Tehran and Israel Defense Forces. The worsening tensions spurred a return to risk-off sentiment in the market, just as the S & P 500 was nearing its all-time record. Oil prices surged, while defense stocks rallied. Volatility is back up, with the CBOE Volatility index on Friday briefly climbing above 20. Semiconductor stocks , which enjoyed a big rally this week, are down. Nvidia is down. Gold , which stalled a bit from its historic rally this year, has perked up again. .VIX 1D mountain CBOE Volatility Index, over one day Investors are reacting by taking money off the table heading into the weekend, worried further retaliatory actions between the two countries will mark an escalation of conflict in the region. "Markets' reaction next week is really going to coalesce around what else we learn about the ongoing events between Israel and Iran, and if there's escalation by either side, retaliation and/or escalation by Israel, that will likely keep a bit of a cloud on risk assets," said Art Hogan, chief market strategist at B. Riley Wealth Management. "And only time will tell what that looks like." On Friday, the 30-stock Dow was on course for a losing week, down more than 1%. The S & P 500 was down 0.4% on the week, while the Nasdaq Composite was off 0.6%. Fed meeting The Fed is just about universally expected to hold rates steady next week. But, more important will be what Fed Chair Jerome Powell says in his post-meeting comments, as well as what surfaces in the latest Summary of Economic Projections, in regards to how policymakers are thinking through the path forward for monetary policy. According to the CME FedWatch Tool , markets are currently pricing in two quarter percentage point rate cuts, starting in September. For the most part, investors are expecting the same consistent message from Powell, who they're sure will reiterate that the central bank remains data dependent. This week's cooler inflation data , for example, could give policymakers flexibility to continue watching for the impact of tariffs on the economy in upcoming reports. But, some wonder if there could be a slight dovish tilt to the Fed chair's messaging, especially with the labor market, while still resilient, starting to show some cracks. "The market is going to be curious to hear how the Fed is assessing these dynamics of more benign inflation data, plus a slight deterioration in labor market data, and basically, does that allow them to strike more dovish tone at this meeting," said John Belton, portfolio manager at Gabelli Funds. "I do think that the recent data supports at least a couple cuts by year end," Belton continued. "The question is, are these going to be reactive, or is it coming from a place of confidence?" Recent Fed speak has investors more confident that central bank policymakers could start to cut as well. In late May, Fed Governor Christopher Waller told Fox Business that he sees a path for the central bank to cut interest rates in the second half of 2025, if Trump's tariffs are down to around 10%. However, others expect the Fed may not cut as much as the market is pricing in. David Kelly, chief global strategist at J.P. Morgan Asset Management, said he anticipates just one rate cut this year, worried that the reconciliation bill, pushed through when the consumer remains robust, will be inflationary for the economy. "That, I think, is something the Federal Reserve is very focused on," Kelly said. "Whatever they pretend about cutting the deficit in the long run, in fact, what they're going to do is expand the deficit quite a lot in 2026 relative to where it was in fiscal 2025 and the Fed doesn't want to be stimulating, or be further stimulating, in an already over stimulated economy." Next week will also be a shortened trading week, with markets closed Thursday for the Juneteenth national holiday. Week ahead calendar All times ET. Monday, June 16 8:30 a.m. Empire State Index (June) Bond market: Auction 20-year bond Earnings: Lennar Tuesday, June 17 8:30 a.m. Export Price Index (May) 8:30 a.m. Import Price Index (May) 8:30 a.m. Retail Sales (May) 8:30 a.m. Capacity Utilization (May) 9:15 a.m. Industrial Production (May) 9:15 a.m. Manufacturing Production (May) 10 a.m. Business Inventories (April) 10 a.m. NAHB Housing Market Index (June) Bond market: Auction 5-year TIPS Earnings: Jabil Wednesday, June 18 8:30 a.m. Building Permits preliminary (May) 8:30 a.m. Continuing Jobless Claims (06/07) 8:30 a.m. Housing Starts (May) 8:30 a.m. Initial Claims (06/14) 2 p.m. FOMC Decision 2 p.m. Fed Funds Target Upper Bound Thursday, June 19 Markets closed for Juneteenth National Independence Day Friday, June 20 8:30 a.m. Philadelphia Fed Index (June) 10 a.m. Leading Indicators (May) Earnings: Darden Restaurants, CarMax , Kroger
Yahoo
13-06-2025
- Business
- Yahoo
Stock Market News for Jun 13, 2025
U.S. stock markets closed higher on Thursday as market participants weighed the outcome of the U.S.-China trade talks. A softer-then-expected key inflation data and a weak labor market data bolstered investors' sentiment. All three major stock indexes ended in positive territory. The Dow Jones Industrial Average (DJI) rose 0.2% or 101.85 points to close at 42,967.62. Notably, 19 components of the 30-stock index ended in positive territory and 11 finished in negative zone. The tech-heavy Nasdaq Composite finished at 19,662.48, advancing 0.2% due to strong performance of technology bigwigs. AI-based semiconductor giants like NVIDIA Corp. NVDA and Broadcom Inc. AVGO rose 1.5% and 1.3%, respectively. Both stocks currently carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The S&P 500 gained 0.3% to finish at 6,045.26. Wall Street's most observed benchmark is currently less than 2% away from its all-time high. Seven out of 11 broad sectors of the broad-market index ended in positive territory while three in negative zone and one remained unchanged. The Utilities Select Sector SPDR (XLU) and the Technology Select Sector SPDR (XLK) rose 1.2% and 0.9%, respectively. On the other hand, the Communication Services Select Sector SPDR (XLE) fell 0.8%. The fear-gauge CBOE Volatility Index (VIX) was up 4.4% to 18.02. A total of 23.5 billion shares were traded on Thursday, higher than the last 20-session average of 18 billion. The S&P 500 recorded 12 new 52-week highs and 3 new 52-week lows. The Nasdaq registered 54 new 52-week highs and 63 new 52-week lows. The United States and China reached an agreement for trade and tariffs in London. U.S. Commerce Secretary Howard Lutnick said 'We have reached a framework to implement the Geneva consensus and the call between the two presidents.' This was echoed by Li Chenggang, China's international trade representative and a vice minister at China's Commerce Ministry. President Donald Trump said that the deal with China is 'done, subject to final approval with President Xi and me.' U.S. was seeking confirmation that China would restore critical mineral (rare earth) exports. Beijing protested against the U.S. Commerce Department's warnings to U.S. chipset manufacturers against using Chinese semiconductors. On May 12, the United States and China have decided to for a 90-day pause of tariff implementations. The Department of Labor reported that initial claims remained flat at 248,000 for the week ended Jun 7, higher-than the consensus estimate of 246,000. Previous week's data was revised marginally upward by 1,000 from 247,000 reported earlier. Continuing claims (those who have already received government aids and reported a week behind) increased 54,000 to 1.956 million. This is the highest level for insured unemployment since Nov 13, 2021. Previous week's data was revised downward by 2,000 to 1.904 million. The Department of Labor reported that the producer price index (PPI) increased 0.1% in May, less-than-the consensus estimate of 0.2%. The metric for April was revised upward to a decline of 0.2% from a drop of 0.5% reported earlier. Year over year, PPI increased 2.6% in May. Core PPI (excluding volatile food and energy items) increased 0.2% in May, less-than-the consensus estimate of 0.3%. The metric for April was revised downward to 0.3% from 0.4% reported earlier. Year over year, core PPI increased 2.7% in May. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
New York Post
13-06-2025
- Business
- New York Post
Dow rebounds as investors shrug off Trump threats of unilateral tariffs
Stocks staged a late rebound Thursday despite renewed trade tensions after President Trump threatened to impose unilateral tariffs on key US trading partners. The Dow Jones Industrial Average dropped more than 230 points, before finishing up 101 points, or 0.2% as investors reacted favorably to more tame inflation data. The S&P 500 and Nasdaq Nasdaq climbed 0.4% and 0.2%, respectively . The small-cap Russell 2000 declined, losing 0.4%. 3 President Donald Trump said he plans to unilaterally impose tariffs on dozens of trading partners, reviving concerns about a global trade war and sending a jolt through financial markets. Shutterstock Meanwhile, the CBOE Volatility Index (VIX), Wall Street's 'fear gauge,' spiked more than 5%, signaling rising investor unease. The market downturn came hours after Trump, speaking Wednesday evening at the John F. Kennedy Center for the Performing Arts in Washington, confirmed that his administration intends to send letters to US trade partners in the coming weeks to formally establish new tariff terms. 'We're going to be sending letters out in about a week and a half, two weeks, to countries, telling them what the deal is,' Trump said. 'At a certain point, we're just going to send letters out. And I think you understand that, saying this is the deal, you can take it or leave it.' Trump's remarks come ahead of a July 9 deadline, when the White House is expected to move forward with increased tariffs on a wide range of imports unless new trade agreements are secured. 3 The S&P 500 is less than 2% off its record. AP The president has previously floated similar timeframes, sometimes delaying or altering plans, but Thursday's selloff suggests investors are bracing for concrete action. In April, Trump proposed across-the-board tariff hikes but put them on hold for 90 days following a steep market decline. Since then, the administration has finalized only a narrow trade framework with the United Kingdom and a temporary tariff truce with China. That truce is now under pressure. Officials from Washington and Beijing met in London earlier this week for high-stakes negotiations after each side accused the other of breaching terms. Trump said Thursday that the US–China framework would include rare earth and magnet exports from China, in exchange for the US loosening restrictions on Chinese student visas. 3 In April, Trump proposed across-the-board tariff hikes but put them on hold for 90 days following a steep market decline. JOHN G MABANGLO/EPA-EFE/Shutterstock When asked whether he might extend the July 9 deadline to allow more time for deals, Trump said, 'But I don't think we're gonna have that necessity.' Trump has shifted his strategy away from blanket multilateral negotiations and is now focused on bilateral deals with countries such as India, Japan, South Korea and members of the European Union. Still, Commerce Secretary Howard Lutnick noted Thursday that negotiations with the EU have been difficult, pointing to the complexity of dealing with a 27-nation bloc. 'It's frustrating,' he said. With Trump reaffirming his tariff plans and few trade deals finalized, Thursday's sharp losses suggest markets are now pricing in the real possibility of a broader economic confrontation in the weeks ahead. The Post has sought comment from the White House.
New York Post
12-06-2025
- Business
- New York Post
Dow falls 200 points after Trump threatens unilateral tariffs
Stocks fell at the open Thursday as investors reacted to renewed trade tensions after President Donald Trump threatened to impose unilateral tariffs on key U.S. trading partners. The Dow Jones Industrial Average dropped 230 points, or 0.54%, to 42,634.95 after the bell. The S&P 500 slid 0.28%, while the Nasdaq dipped 0.24%. The small-cap Russell 2000 also declined, losing 0.38%. 3 President Donald Trump said he plans to unilaterally impose tariffs on dozens of trading partners, reviving concerns about a global trade war and sending a jolt through financial markets. Shutterstock Meanwhile, the CBOE Volatility Index (VIX), Wall Street's 'fear gauge,' spiked more than 5%, signaling rising investor unease. The market downturn came hours after Trump, speaking Wednesday evening at the John F. Kennedy Center for the Performing Arts in Washington, confirmed that his administration intends to send letters to US trade partners in the coming weeks to formally establish new tariff terms. 'We're going to be sending letters out in about a week and a half, two weeks, to countries, telling them what the deal is,' Trump said. 'At a certain point, we're just going to send letters out. And I think you understand that, saying this is the deal, you can take it or leave it.' Trump's remarks come ahead of a July 9 deadline, when the White House is expected to move forward with increased tariffs on a wide range of imports unless new trade agreements are secured. 3 Dow Jones Industrial Average futures were down 302 points, or 0.70%, at 42,606.00 before the opening bell on Thursday. The S&P 500 futures slipped 37.25 points, or 0.62%. AP The president has previously floated similar timeframes, sometimes delaying or altering plans, but Thursday's selloff suggests investors are bracing for concrete action. In April, Trump proposed across-the-board tariff hikes but put them on hold for 90 days following a steep market decline. Since then, the administration has finalized only a narrow trade framework with the United Kingdom and a temporary tariff truce with China. That truce is now under pressure. Officials from Washington and Beijing met in London earlier this week for high-stakes negotiations after each side accused the other of breaching terms. Trump said Thursday that the US–China framework would include rare earth and magnet exports from China, in exchange for the US loosening restrictions on Chinese student visas. 3 In April, Trump proposed across-the-board tariff hikes but put them on hold for 90 days following a steep market decline. JOHN G MABANGLO/EPA-EFE/Shutterstock When asked whether he might extend the July 9 deadline to allow more time for deals, Trump said, 'But I don't think we're gonna have that necessity.' Trump has shifted his strategy away from blanket multilateral negotiations and is now focused on bilateral deals with countries such as India, Japan, South Korea and members of the European Union. Still, Commerce Secretary Howard Lutnick noted Thursday that negotiations with the EU have been difficult, pointing to the complexity of dealing with a 27-nation bloc. 'It's frustrating,' he said. With Trump reaffirming his tariff plans and few trade deals finalized, Thursday's sharp losses suggest markets are now pricing in the real possibility of a broader economic confrontation in the weeks ahead. The Post has sought comment from the White House.
