S&P 500 ends lower; traders focus on Middle East tension and await details on trade deal

S&P 500 ends lower; traders focus on Middle East tension and await details on trade deal

By Noel Randewich and Kanchana Chakravarty

Wed June 11, 2025 4:39 PM

All three indexes enjoyed gains in the morning session, the Dow up some 250 points by 1:30, then suddenly plummeting into negative territory, all three closing in the red. What drove the buying up was likely the CPI report which showed an increase in inflation of 2.4%, below the 2.5% forecast. Additionally, there was the Trump announcement of a done deal with China with a framework agreed on to get a truce back on track.

However, as today’s expert noted, “The worst-case scenario is probably behind us. There’s a little bit of face-saving for both sides. They got an agreement. The question is whether it will be implemented.” It was likely at 1:30 that Tehran announced its threats to attack U.S. bases in Iraq depending on how nuclear negotiations go. This prompted an order to prepare an evacuation of the U.S. embassy in Iraq and that, in turn, was likely the trigger for the sudden plummet at 1:30.  At 18.9 billion, volume was above the average of 17.8 billion. 

DJ: 42,866.87  +105.11      NAS: 19,714.99  +123.75      S&P: 6,038.81  +32.93         6/10

DJ: 42,865.77  -1.10           NAS: 19,615.88  -99.11         S&P: 6,022.24  -16.57          6/11

 Wed 6-11-25 4:39 pm S&P 500 ends lower; traders focus on Middle East tension and await details on trade deal | Reuters