Indexes end lower as Israel-Iran fighting raises investor anxiety
Tue June 17, 2025 6:52 PM
The day began with moderate losses in all three indexes until 1 pm when all three suddenly and very dramatically plummeted, just as they did Friday. Yesterday, the market recovered ebulliently from Friday’s crash due to the very slight hope for peace when Iran offered concessions to end the war by the Arab states putting the squeeze on Trump to make Israel end the war. Today, Trump responded to that move by very bluntly announcing that Iran must immediately accept a total and unconditional surrender.
In this already very uncertain market, uncertainty about the war soared immediately as did the price of oil with the anticipation that the supply line from the Middle East could be seriously curtailed. Adding to the morass was the current retail sales data released today showed a rather large drop in May which, along with scarcely a measurable increase in factory production, suggested as today’s expert put it that, “The resilient consumer is getting skittish.” The VIX rose to over 20 today while volume, at 15.71 billion, was again well below the 17.98 billion 4-week average.
DJ: 42,515.09 +317.30 NAS: 19,701.21
+294.39 S&P: 6,033.11
+56.14 6/16
DJ: 42,215.80 -299.29 NAS: 19,521.09
-180.12 S&P: 5,982.72
-50.39 6/17
Tue 6-17-25 6:52 pm Indexes end lower as Israel-Iran fighting raises investor anxiety | Reuters
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