S&P 500 drops as Iran-Israel conflict persists and US retail sales decline

From Investing.com: 2025-06-17 09:17:00

U.S. stocks are set to open lower as the Israel-Iran conflict continues for a fifth day, hurting risk sentiment and as retail sales fall by more than expected ahead of the Federal Reserve’s upcoming interest rate decision. Oil prices are rising as the conflict persists. Trump left the G7 meeting early, citing the situation in the Middle East. On the data front, US retail sales dropped by 0.9% in May, worse than the expected 0.7% decline. Attention now turns to the Federal Reserve’s decision. ExxonMobil and Chevron stocks are rising while solar stocks are falling. Eli Lilly is falling after acquiring Verve Therapeutics for $1.3 billion.



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