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Business Insider
an hour ago
- Business
- Business Insider
Stock Futures Dip as Trump Considers Military Action Against Iran
U.S. stock futures edged lower ahead of Friday's session as investors closely monitored the ongoing conflict between Israel and Iran, considering the possibility of U.S. involvement. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were down 0.28%, 0.21%, and 0.22%, respectively, at 12:14 a.m. EST, June 20. Confident Investing Starts Here: Investors remain nervous as the fight between Israel and Iran continues. President Donald Trump is thinking about a U.S. strike on Tehran, and the White House said Thursday that a final decision is expected within the next two weeks. U.S. markets were closed on Thursday for the Juneteenth holiday. For the week so far, the S&P 500 is up slightly with a 0.07% gain. The Dow is down 0.06%, while the Nasdaq is up about 1%.
Canada News.Net
11 hours ago
- Business
- Canada News.Net
Nasdaq Composite rises 25 points in lackluster day for U.S. markets
NEW YORK, New York - U.S. stocks made only minor moves in both directions,Thursday, as investors fretted about the Israel-Iran conflict and speculation the U,S. may once more be going to war in the Middle East. The U.S. dollar gained ground as European shares fell sharply after a sell-off in travel-related stocks. Skies over Europe were less crowded Thursday as flights were cancelled. United Airlines announced it would stop flying to Dubai. Meantime the Bank of England left interest rates unchanged at 4.25 percent on Thursday. "Underlying UK GDP growth appears to have remained weak, and the labour market has continued to loosen, leading to clearer signs that a margin of slack has opened up over time," the central bank said in a statement Thurrsday. "Measures of pay growth have continued to moderate and, as in May, the Committee expects a significant slowing over the rest of the year," the bank said. In the U.S., President Donald Trump slammed Federal Reserve Chair Jerome Powell for not cutting rates a day earlier, a decision made by the Fed's FOMC committee. Nonetheless the president , who believes rates should be 2.5 percent lower, referred to Mr Powell, as "not a smart person," and "a real dummy," in a midnight post on Truth Social. U.S. Markets Show Resilience Thursday The Standard and Poor's 500 (^GSPC) edged slightly lower, closing at 5,980.87, down 1.85 points or 0.03 percent, as trading volume reached 2.942 billion shares. The Dow Jones Industrial Average (^DJI) dipped 44.14 points, or 0.10 percent, settling at 42,171.66, with 487.536 million shares traded. Meanwhile, the NASDAQ Composite (^IXIC) bucked the trend, rising 25.18 points, or 0.13 percent, to 19,546.27, on a heavy volume of 7.151 billion shares. U.S. Dollar Split, Major Currencies as Euro and Pound Gain Ground Thursday's foreign exchange market saw the U.S. dollar firming against several major currencies, while the euro and British pound posted modest gains. Euro and Pound Edge Higher The euro (EUR/USD) rose 0.12 percent against the US dollar, trading at 1.1492, as investors weighed recent economic data from the Eurozone. Meanwhile, the British pound (GBP/USD) climbed 0.35 percent to 1.3464, supported by expectations of a more hawkish Bank of England stance, after the central bank left interest rates unchanged at 4.25 percent at its monthly meeting on Thursday. The U.S. dollar (USD/JPY) strengthened 0.26 percent against the Japanese yen, reaching 145.47, as traders anticipated further divergence between Federal Reserve and Bank of Japan policies. The greenback also advanced 0.08 percent against the Canadian dollar (USD/CAD), settling at 1.37042, amid stregthening oil prices. The U.S. dollar (USD/CHF) dipped 0.12 percent against the Swiss franc, trading at 0.8164, as the safe-haven currency found some support. However, the Australian dollar (AUD/USD) fell sharply by 0.51 percent to 0.6474, pressured by weaker commodity demand. The New Zealand dollar (NZD/USD) also declined 0.66 percent to 0.5987, reflecting broader risk-off sentiment. Global Markets Close Mixed on Thursday as European and Asian Indices Lag Thursday's trading session saw a mixed performance across global stock markets, with UK, European and Asian markets closing with significant losses. Canadian Markets Canada's S&P/TSX Composite (^GSPTSE) dipped 53.85 points, or 0.20 percent, to 26,506.00, with 86.945 million shares traded. UK and European Markets Slide Indices struggled, with the FTSE 100 (^FTSE) dropping 51.67 points, or 0.58 percent, to 8,791.80. Germany's DAX (^GDAXI) tumbled 260.43 points, or 1.12 percent, to 23,057.38, while in France Thursday, the CAC 40 (^FCHI) fell 102.67 points, or 1.34 percent, to 7,553.45. The broader EURO STOXX 50 (^STOXX50E) declined 69.88 points, or 1.33 percent, closing at 5,197.03. Belgium's BEL 20 (^BFX) saw a modest drop of 14.28 points, or 0.32 percent, ending at 4,411.71. Asian and Pacific Markets Under Pressure Asian markets faced broad declines, with Hong Kong's Hang Seng Index (^HSI) plunging 472.95 points, or 1.99 percent, to 23,237.74. In China, the Shanghai Composite ( dropped 26.70 points, or 0.79 percent, to 3,362.11, with 2.878 billion shares traded. Japan's Nikkei 225 (^N225) declined 396.81 points, or 1.02 percent, to 38,488.34. In Singapore the STI Index (^STI) slipped 26.63 points, or 0.68 percent, to 3,894.18, while Australia's S&P/ASX 200 (^AXJO) dipped 7.50 points, or 0.09 percent, to 8,523.70. The broader Australian All Ordinaries (^AORD) fell 16.50 points, or 0.19 percent, to 8,741.40. India's S&P BSE SENSEX (^BSESN) retreated 82.79 points, or 0.10 percent, to 81,361.87, while in Indonesia, the IDX Composite (^JKSE) dropped sharply by 139.15 points, or 1.96 percent, to 6,968.64. Malaysia's KLSE (^KLSE) lost 10.51 points, or 0.70 percent, closing at 1,501.44. New Zealand's S&P/NZX 50 (^NZ50) declined 58.27 points, or 0.46 percent, to 12,569.05, while South Korea's KOSPI (^KS11) managed a slight gain of 5.55 points, or 0.19 percent, ending at 2,977.74. Taiwan's TWSE (^TWII) fell sharply by 353.23 points, or 1.58 percent, to 22,003.50. Middle East and Africa Egypt's EGX 30 (^CASE30) suffered a steep decline, losing 590.60 points, or 1.92 percent, to 30,248.40, with 169.507 million shares changing hands. Israel's TA-125 (^ a standout, rising 28.40 points, or 1.00 percent, to 2,868.81. South Africa's JSE Top 40 (^ fell 52.25 points, or 1.00 percent, to 5,178.99.
CNBC
14 hours ago
- Business
- CNBC
Dow futures drop 200 points as Trump weighs attack on Iran: Live updates
Traders work on the floor of the New York Stock Exchange on April 2, 2025. NYSE Stock futures were lower ahead of Friday's session, with investors monitoring conflict in the Middle East between Iran and Israel, and potential direct U.S. involvement. Futures tied to the Dow Jones Industrial Average slipped 221 points, or 0.5%. Nasdaq 100 futures ticked down 0.6%%, while S&P 500 futures fell 0.4%. Regular trading was closed in the U.S. on Thursday for the Juneteenth holiday. Investors remain jittery as the conflict between Israel and Iran has yet to cool. President Donald Trump is weighing direct U.S. involvement with a strike on Tehran, with the White House on Thursday saying that he will make a final decision within the next two weeks. Trump previously called for Tehran's complete surrender, to which Iran's supreme leader, Ayatollah Ali Khamenei, labeled the notion "threatening and ridiculous." International benchmark Brent as well U.S. crude oil , which initially spiked following the onset of Israel's missile strike on Iran, climbed roughly 3% on Thursday, on the possibility of U.S. jumping into the conflict. Israeli Prime Minister Benjamin Netanyahu is reportedly ordering Jerusalem's military to strike "strategic targets" in Iran, as well as "government targets." "There are several key questions to answer before we know how stocks will handle this geopolitical shock, including how much of Iran's energy infrastructure will be impaired and for how long, whether Iran's nuclear capabilities will be completely wiped out, and whether the current regime will remain in power," said Jeff Buchbinder, chief equity strategist for LPL Financial. The still-simmering tension in the Middle East comes as investors also weighed comments from Federal Reserve Chair Jerome Powell on Wednesday, following the central banks decision to hold interest rates steady. Stocks closed lower following Powell's comments, which essentially said that the Fed is in no hurry to cut benchmark rates and will remain data dependent, especially as it remains unclear how Trump's tariffs will impact the economy. Trump ripped into Powell again Thursday, saying the Fed Chair is costing the U.S. "hundreds of billions of dollars" by delaying rate cuts. For the week, the S&P 500 is up marginally with a gain of 0.07%. The 30-stock Dow has lost 0.06%, while the Nasdaq has advanced about 1%. On the economic front, investors will monitor the Philadelphia Fed's manufacturing survey on Friday morning, followed by the Conference Board's leading economic indicators reading for May.
Yahoo
a day ago
- Business
- Yahoo
Is Leidos Holdings Stock Outperforming the Dow?
Valued at a market cap of $19.1 billion, Leidos Holdings, Inc. (LDOS) is a technology company serving government and commercial clients. The Reston, Virginia-based company provides solutions across defense, intelligence, civil, and health sectors, specializing in areas such as mission systems, cybersecurity, AI-powered analytics, cloud modernization, air traffic management, energy infrastructure, and biomedical research. Companies worth $10 billion or more are typically classified as 'large-cap stocks,' and LDOS fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the information technology services industry. The company's long-standing relationships with key U.S. federal agencies, including the Department of Defense, Homeland Security, and the FAA, provide strong revenue visibility through multi-year government contracts. Its specialty lies in delivering complex, integrated solutions that combine advanced technologies like AI, machine learning, cloud modernization, and data analytics with domain-specific expertise. 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer OpenAI CEO Sam Altman Says 'We Are Heading Towards a World Where AI Will Just Have Unbelievable Context on Your Life' Archer Aviation Is Betting Big on Its Fledgling Defense Business. Does That Make ACHR Stock a Buy Here? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. This tech company is currently trading 26.9% below its 52-week high of $202.90, reached on Nov. 12, 2024. LDOS has rallied 7% over the past three months, outpacing the Dow Jones Industrial Average's ($DOWI) 1.4% uptick during the same time frame. Moreover, on a YTD basis, shares of LDOS are up 3%, outperforming DOWI's marginal downtick. However, in the longer term, LDOS has gained 3.1% over the past 52 weeks, lagging behind DOWI's 8.6% rise over the same time frame. To confirm its recent bullish trend, LDOS has been trading above its 50-day moving average since early April, with slight fluctuations. However, it has remained below its 200-day moving average since mid-December, 2024, with some fluctuations. On May 6, Leidos Holdings' shares rose 4.6% following its better-than-expected Q1 earnings release. Due to increased demand across all customer segments, its revenue grew 6.8% year-over-year to $4.2 billion, exceeding Wall Street expectations by 4.2%. Moreover, solid margin expansion compared to the prior-year quarter led to a 29.7% growth in its adjusted EPS to $2.97. The bottom-line figure also surpassed the consensus estimates by a notable margin of 20.2%. The company's impressive performance was supported by higher volumes in managed health services programs, improved program execution, and effective cost management across operations. LDOS has lagged behind its rival, CACI International Inc (CACI), which gained 5.3% over the past 52 weeks and 12.5% on a YTD basis. Looking at LDOS' recent outperformance, analysts remain moderately optimistic about its prospects. The stock has a consensus rating of "Moderate Buy' from the 15 analysts covering it, and the mean price target of $173.80 suggests a 17.2% premium to its current price levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Is McCormick Stock Underperforming the Dow?
Hunt Valley, Maryland-based McCormick & Company, Incorporated (MKC) is a global leader in flavor, producing and distributing spices, seasonings, and condiments. With a market cap of $19.6 billion, it operates in over 150 countries through its Consumer and Flavor Solutions segments. Categorized as a "large-cap stock," McCormick's valuation highlights its dominance in the flavor industry. Its innovative products and global reach underscore its position as a leader in the food sector. Is Palantir Stock Poised to Surge Amidst the Israel-Iran Conflict? 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer CoreWeave Stock Is Too 'Expensive' According to Analysts. Should You Sell CRWV Now? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. McCormick touched its 52-week high of $86.24 on Mar. 10 and is currently trading 15.1% below that peak. Meanwhile, MKC stock has dropped nearly 10% over the past three months, notably underperforming the Dow Jones Industrial Average's ($DOWI) 1.4% uptick during the same time frame. McCormick's performance has remained lackluster over the longer term as well. MKC stock has dropped 4% on a YTD basis and gained 6.7% over the past year, underperforming Dow's marginal 88 bps dip in 2025 and 8.6% gains over the past 52 weeks. To confirm the downturn, MKC stock has traded consistently below its 200-day moving average and mostly below its 50-day moving average since early April. McCormick's stock prices observed a marginal dip after the release of its Q1 results on Mar. 25. The company experienced a 2% growth in volumes, but it was mostly offset by currency headwinds, leading to its net sales growing by a modest 17 bps year-over-year to $1.6 billion, which missed the consensus estimates by 38 bps. Meanwhile, its adjusted EPS for the quarter decreased 4.8% year-over-year to $0.60, falling short of Street expectations by 6.3%. On a positive note, for the full fiscal 2025, the company expects to observe a low-single-digit growth in volumes and a gradual improvement in demand from China. While McCormick has marginally underperformed its peer Hormel Foods Corporation's (HRL) 3.9% drop on a YTD basis, it has significantly outpaced HRL's marginal 69 bps dip over the past 52 weeks. Among the 14 analysts covering the MKC stock, the consensus rating is a 'Moderate Buy.' Its mean price target of $84.87 suggests a 15.9% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
