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Economic Times
16 hours ago
- Business
- Economic Times
US stock market outlook amidst Iran Israel War: Will S&P 500, Dow Jones, Nasdaq go up on Friday after Juneteenth holiday?
S&P 500, Dow Jones, and Nasdaq traders will keep eyes on Iran-Israel conflict as the US Stock Markets open on Friday. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads FAQs US stock market indexes -- S&P 500 Dow Jones , and Nasdaq -- will look to open in green on Friday. However, investors will remain cautious following ongoing fighting between Iran and Israel. S&P 500 futures fell almost 1 per cent, although most U.S. markets - including Wall Street and the Treasury market - will be closed on Thursday for a public holiday."Market participants remain edgy and uncertain," said Kyle Rodda, senior financial markets analyst at was rife "that the U.S. will intervene, something that would mark a material escalation and could invite direct retaliation against the U.S. by Iran. Such a scenario would raise the risk of a greater regional conflict, with implications for global energy supply and probably economic growth," he of the recent nervousness in markets has been centred around crude supply shocks from the Middle East. Wall Street stocks ended little changed Wednesday after the Federal Reserve kept interest rates Jones Industrial Average ended down 0.1 percent at 42,171.66. The broad-based S&P 500 slipped less than 0.1 percent to 5,980.87, while the tech-rich Nasdaq Composite Index added 0.1 percent at 19, market's ability to avoid major losses amid the Middle East turmoil is "extremely bullish", said Adam Sarhan of 50 Park Investments, while still pointing to trade-talk uncertainty as a market believes that "most likely cooler heads will prevail on the trade front and on the Middle East front," said Sarhan, who described Wednesday's Fed meeting outcome as in line with expectations.A1. US stock market indexes are S&P 500, Dow Jones, and Nasdaq.A2. Dow Jones Industrial Average ended down 0.1 percent at 42,171.66. The broad-based S&P 500 slipped less than 0.1 percent to 5,980.87, while the tech-rich Nasdaq Composite Index added 0.1 percent at 19,546.27.
Time of India
16 hours ago
- Business
- Time of India
US stock market outlook amidst Iran Israel War: Will S&P 500, Dow Jones, Nasdaq go up on Friday after Juneteenth holiday?
S&P 500, Dow Jones, and Nasdaq traders will keep eyes on Iran-Israel conflict as the US Stock Markets open on Friday. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads FAQs US stock market indexes -- S&P 500 Dow Jones , and Nasdaq -- will look to open in green on Friday. However, investors will remain cautious following ongoing fighting between Iran and Israel. S&P 500 futures fell almost 1 per cent, although most U.S. markets - including Wall Street and the Treasury market - will be closed on Thursday for a public holiday."Market participants remain edgy and uncertain," said Kyle Rodda, senior financial markets analyst at was rife "that the U.S. will intervene, something that would mark a material escalation and could invite direct retaliation against the U.S. by Iran. Such a scenario would raise the risk of a greater regional conflict, with implications for global energy supply and probably economic growth," he of the recent nervousness in markets has been centred around crude supply shocks from the Middle East. Wall Street stocks ended little changed Wednesday after the Federal Reserve kept interest rates Jones Industrial Average ended down 0.1 percent at 42,171.66. The broad-based S&P 500 slipped less than 0.1 percent to 5,980.87, while the tech-rich Nasdaq Composite Index added 0.1 percent at 19, market's ability to avoid major losses amid the Middle East turmoil is "extremely bullish", said Adam Sarhan of 50 Park Investments, while still pointing to trade-talk uncertainty as a market believes that "most likely cooler heads will prevail on the trade front and on the Middle East front," said Sarhan, who described Wednesday's Fed meeting outcome as in line with expectations.A1. US stock market indexes are S&P 500, Dow Jones, and Nasdaq.A2. Dow Jones Industrial Average ended down 0.1 percent at 42,171.66. The broad-based S&P 500 slipped less than 0.1 percent to 5,980.87, while the tech-rich Nasdaq Composite Index added 0.1 percent at 19,546.27.
The Star
a day ago
- Business
- The Star
Roundup: U.S. stocks close mixed as Fed leaves interest rates unchanged
NEW YORK, June 18 (Xinhua) -- U.S. stocks ended mixed on Wednesday, following the Federal Reserve's latest policy update, where the central bank kept interest rates steady. The Dow Jones Industrial Average fell by 44.14 points, or 0.10 percent, to 42,171.66. The S&P 500 sank 1.85 points, or 0.03 percent, to 5,980.87. The Nasdaq Composite Index increased by 25.18 points, or 0.13 percent, to 19,546.27. Seven of the 11 primary S&P 500 sectors ended in red, with energy and communication services leading the laggards by losing 0.68 percent and 0.67 percent, respectively. Meanwhile, technology and utilities led the gainers by going up 0.36 percent and 0.25 percent, respectively. The Fed kept interest rates unchanged on Wednesday, leaving the federal funds rate in the 4.25 percent to 4.5 percent range, as policymakers continued to weigh the economic fallout from U.S. President Donald Trump's expanding tariff regime. In its latest policy statement, the central bank offered a sobering view of the economic landscape, acknowledging persistent inflation pressures even as growth slows. Fed officials now expect consumer prices to rise 3 percent in 2025, up from the previous estimate of 2.7 percent, while economic growth is projected to decline to 1.4 percent, down from 1.7 percent. Trump's tariff policy is undoubtedly a contributing factor. "What we are waiting for to reduce rates is to understand what will happen with the tariff inflation. There is a lot of uncertainty about that," Fed Chair Jerome Powell said. "Ultimately, the cost of the tariffs has to be paid." The Fed also released its latest Summary of Economic Projections (SEP), offering a glimpse into how policymakers see interest rates evolving over time. The widely watched "dot plot" showed that the median forecast for the federal funds rate at the end of 2025 remains at 3.9 percent, unchanged from the March estimate. Seven of the 19 participants indicated they wanted no cuts this year, up from four in March. "After the June meeting, we still don't expect any rate cuts this year. A large share of the committee has moved towards this view, and we expect the migration to continue as tariff-driven inflation starts to hit the data," said analysts from Bank of America Global Research later Wednesday. But central bankers appear torn between competing pressures: a job market that's clearly cooling and price increases that remain uncomfortably high. The Fed revised its 2025 unemployment forecast slightly higher to 4.5 percent, indicating growing concerns about a weakening job market. "The Fed is stuck," said one analyst. "They're being pulled in opposite directions -- inflation isn't falling fast enough, and the labor market is losing steam." One of the clearest signs of that softening is in continuing jobless claims, which track Americans receiving unemployment benefits for multiple weeks. Last week, that number climbed to just under 2 million, the highest level since November 2021. While still low by historical standards, the steady upward trend suggests more workers are struggling to find new jobs. "Uncertainty about the economic outlook has diminished but remains elevated. The (Federal Open Market) Committee is attentive to the risks to both sides of its dual mandate," the committee said. "People can look at the same data and they can evaluate the risks differently as you know," Powell added. "And that includes the risk of higher inflation, the risk that will be more persistent, the risk that the labor market will weaken. People are going to have different assessments of that risk." Markets remained jittery, not only from economic signals, but also from the growing geopolitical uncertainty in the Middle East. Stocks have swung sharply in recent days as investors try to gauge the risk of broader conflict. On Wednesday, Trump told reporters outside the White House that the Iranians had reached out and signaled that they would send a delegation to Washington for negotiations. Hostilities between Israel and Iran extended into a sixth consecutive day on Wednesday, as tensions escalated further with a stark warning from Iran's Supreme Leader Ayatollah Ali Khamenei who declared that Iran will not surrender and cautioned that any U.S. involvement in the conflict would "undoubtedly be met with irreparable damage." His remarks heightened global concern that the crisis could widen into a broader regional war, drawing in more international players and further rattling global markets.
Business Times
2 days ago
- Business
- Business Times
US: Stocks flat after Fed decision as markets eye Iran
Wall Street stocks ended little changed on Wednesday after the Federal Reserve kept interest rates steady, while markets followed ongoing fighting between Iran and Israel. The Fed, as expected, held interest rates unchanged for a fourth consecutive meeting, as Chair Jerome Powell said more time was needed to monitor the inflationary effects of President Donald Trump's tariffs. Meanwhile, Trump told reporters he has not yet made a decision on whether to join Israel in bombing Iran. Stocks spent part of the day in positive territory, but the Dow Jones Industrial Average ended down 0.1 per cent at 42,171.66. The broad-based S&P 500 slipped less than 0.1 per cent to 5,980.87, while the tech-rich Nasdaq Composite Index added 0.1 per cent at 19,546.27. The market's ability to avoid major losses amid the Middle East turmoil is 'extremely bullish,' said Adam Sarhan of 50 Park Investments, while still pointing to trade-talk uncertainty as a worry. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The market believes that 'most likely cooler heads will prevail on the trade front and on the Middle East front,' said Sarhan, who described Wednesday's Fed meeting outcome as in line with expectations. Shares of Visa and Mastercard both fell about five per cent after the US Senate approved a bill to regulate stablecoins - cryptocurrencies pegged to assets like the dollar - in a move that could make them more attractive to investors. The growth of the newer means of exchange has been seen as a threat to traditional payment methods embodied by the credit card companies and by PayPal, which also fell. Coinbase surged 16.3 per cent. AFP
Straits Times
2 days ago
- Business
- Straits Times
US stocks flat after Fed decision as markets eye Iran
Traders working on the floor of the New York Stock Exchange, as a screen broadcasts a news conference by US Federal Reserve chairman Jerome Powell on June 18. PHOTO: REUTERS NEW YORK - Wall Street stocks ended little changed on June 18 after the Federal Reserve kept interest rates steady, while markets followed ongoing fighting between Iran and Israel. The Fed, as expected, held interest rates unchanged for a fourth consecutive meeting, as chairman Jerome Powell said more time was needed to monitor the inflationary effects of President Donald Trump's tariffs. Meanwhile, Mr Trump told reporters he has not yet made a decision on whether to join Israel in bombing Iran. Stocks spent part of the day in positive territory, but the Dow Jones Industrial Average ended down 0.1 per cent at 42,171.66. The broad-based S&P 500 slipped less than 0.1 per cent to 5,980.87, while the tech-rich Nasdaq Composite Index added 0.1 per cent at 19,546.27. The market's ability to avoid major losses amid the Middle East turmoil is 'extremely bullish', said Mr Adam Sarhan, of 50 Park Investments, while still pointing to trade-talk uncertainty as a worry. The market believes that 'most likely cooler heads will prevail on the trade front and on the Middle East front,' said Mr Sarhan, who described the June 18 Fed meeting outcome as in line with expectations. Shares of Visa and Mastercard both fell about 5 per cent after the US Senate approved a Bill to regulate stablecoins – cryptocurrencies pegged to assets like the dollar – in a move that could make them more attractive to investors. The growth of the newer means of exchange has been seen as a threat to traditional payment methods embodied by the credit card companies and by PayPal, which also fell. Coinbase surged 16.3 per cent. AFP Join ST's Telegram channel and get the latest breaking news delivered to you.
