S&P 500, Nasdaq end down; investors brace for more Middle East news
Fri June 20, 2025 4:00 PM
All three opened with gains but then quickly went into decline with tech hitting red as early as 10:30 and staying there while the Dow dipped into losses around 1:30 but then recovered to a very modest gain by close. The Reuters summary begins with the sentence, “Trading was choppy for much of the session.” No kidding, what with the U.S. threatening to attack Iran and now Iran refusing further negotiations until Israel stops its attacks.
With Trump giving a two-week window for the decision, everyone is pulling back as “investors are a little bit nervous about buying stocks right in front of this situation.” To add to the jitters and despite Powell warning inflation could pick up, one Fed official stated that inflation wouldn’t be bad and we should have a rate cut soon, while another official said there was no urgency. With nerves in the air, all three indexes ended the week more or less flat. At 20.9 billion shares, volume was a couple billion above average but this was once again a “triple-witching” day so the number can’t be trusted.
DJ: 42,171.66 -44.14 NAS: 19,546.27
+25.18 S&P: 5,980.87
-1.85 6/18
DJ: 42,206.82 +35.16 NAS: 19,447.41 -98.86 S&P: 5,967.84 -13.03 6/20
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