Trump's tough stance on Iran causes Middle East concern, leading to decline in solar stocks
From Yahoo Finance: 2025-06-17 17:05:00
President Trump adopts a tougher tone toward Iran, causing concern in the Middle East. The S&P 500 drops 0.8%, with solar and renewable energy stocks falling due to a Senate proposal. Jabil shares soar after surpassing estimates, driven by AI demand. Airline stocks decline, and T-Mobile slides after SoftBank sells stake.
Crude oil futures rise as Middle East tensions increase, benefiting Valero Energy. CrowdStrike shares increase after launching incident response service for Amazon Web Services. Jabil reaches a record high following strong quarterly results. Major U.S. equities lose ground as Trump escalates rhetoric against Iran.