Latest news with #NewYorkStockExchange
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.
Mint
a day ago
- Business
- Mint
Stock market holiday: Is US stock market closed or open today for Juneteenth?
Stock market holiday: The United States will celebrate Juneteenth 2025 on June 19, Thursday. Juneteenth, often referred to as America's Second Independence Day, commemorates the end of slavery in the US. Juneteenth 2025 is also a federal holiday observed annually on June 19. On this day, non-essential government offices in the US will remain closed. However, it is essential for stock market investors to know whether the US financial markets, Wall Street, will also remain shut today for the Juneteenth holiday. Yes, the US stock market is closed today, on Thursday, for the observance of Juneteenth 2025 National Independence Day. Both the US stock exchanges, Nasdaq and the New York Stock Exchange (NYSE), will remain closed on 19 June 2025. Juneteenth is included in the official US stock market holiday calendar. Hence, there will be no stock market trading activity throughout the day. No trading in equities, options, or ETFs will take place today in the US. Additionally, the US bond markets will also remain close. US stock market will resume trading on Friday, 20 June 2025. US stock market ended mixed on Wednesday, June 18, after the US Federal Reserve Chair Jerome Powell announced its monetary policy. The Dow Jones Industrial Average fell 44.14 points, or 0.10%, to 42,171.66, while the S&P 500 eased 1.85 points, or 0.03%, to 5,980.87. The Nasdaq Composite ended 25.18 points, or 0.13%, higher at 19,546.27. The US Federal Reserve decided to keep the benchmark interest rates unchanged in the range of 4.25% to 4.5%. The Chairman Jerome Powell-led Federal Open Market Committee (FOMC) expects two rate cuts of 25 basis points (bps) each in 2025. The officials have revised their 2026 outlook to only 25 bps of rate cuts, down from the previously projected 50 basis points. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Miami Herald
a day ago
- Business
- Miami Herald
Is the stock market open on Juneteenth 2025?
What we call the stock market in the United States is actually two different stock exchanges: the New York Stock Exchange (NYSE) and the Nasdaq. Luckily for American investors, both exchanges keep the same hours and observe the same holidays and half days. Typically, the stock market is open for trading every Monday through Friday from 9:30 a.m. to 4:00 p.m. ET, although it closes in observance of 10 different stock market holidays each year. The stock market will be closed on Thursday, June 19th, 2025, in observance of Juneteenth, which was recognized as a federal holiday in 2021. This means that investors should plan to execute any important trades before the 4:00 p.m. closing bell on Wednesday, Jun 18, or plan to delay them until after the 9:30 a.m. opening bell on Friday, June 20. Related: Juneteenth: What's open & what's closed on America's newest federal holiday That being said, many brokerages allow for extended-hours trading, meaning some investors may be able to make trades until 8:00 p.m. on Wednesday the 18th, or begin trading again starting at 4:00 a.m. on Friday the 18th. Here's a full list of all of 2025's stock market half days and holidays: The bond market, like the stock market, is closed on Monday, June 19, 2025, in observance of Juneteenth. Crypto assets like Bitcoin and Solana trade 24 hours a day, 7 days a week, so investors will be able to buy and sell cryptocurrencies on the 19th without interruption, even though it is a stock market holiday. Related: The best free trading apps for retail investors (& what they offer) The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
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.
The Star
2 days ago
- Business
- The Star
Circle surges as US Senate clears path for stablecoin regulation
Traders work on the floor at the New York Stock Exchange (NYSE), on the day of Circle Internet Group's IPO, in New York City, U.S., June 5, 2025. REUTERS/Brendan McDermid/File Photo (Reuters) -Shares of Circle Internet jumped 16% in morning trading on Wednesday after the U.S. Senate approved a milestone stablecoin bill, fueling hopes for broader adoption of what was once a niche corner of the crypto sector. A rare show of bipartisan support marks a turning point in the fractured debate over crypto oversight, and a breakthrough for a sector long stuck in regulatory limbo. Circle, the issuer of the second-largest stablecoin by market value, went public earlier this month in a blowout debut on the New York Stock Exchange. Its shares were last at $173.60, versus IPO price of $31. The company's flagship USDC stablecoin has a market value of around $61.4 billion, according to data from CoinGecko. The tokens have gained traction for offering crypto's convenience without its volatility. Pegged to currencies like the U.S. dollar, they aim to hold a stable value backed by reserves. The Republican-controlled House of Representatives must pass its version of the bill, known as the GENIUS Act, before it heads to President Donald Trump for approval. "Once passed into a law (likely the end of summer), we expect stablecoins to evolve from the money rail of crypto to the money rail of the internet," analysts at brokerage Bernstein said. Proponents say by setting clearer rules for issuing and managing dollar-pegged tokens, the bill could bring greater legitimacy to the sector. Several high-profile corporates are also reportedly exploring launching their own stablecoins. If signed into law, stablecoins will have to be backed by liquid assets - such as U.S. dollars and short-term Treasury bills - and for issuers to publicly disclose the composition of their reserves on a monthly basis. "Stablecoin adoption could also serve as a strong tailwind for major cryptocurrencies like bitcoin," analysts at brokerage KBW said. Stablecoins account for roughly $256 billion of the crypto sector's total $3.3 trillion market value, according to CoinMarketCap data. (Reporting by Manya Saini in Bengaluru; Editing by Arun Koyyur)
