From Nasdaq: 2025-06-20 13:14:00

Stock indexes today showed mixed results with the S&P 500 down -0.26%, Dow Jones up +0.09%, and Nasdaq down -0.59%. Futures for S&P and Nasdaq are also in the red. Chip makers’ weakness led stocks lower amid US warnings to semiconductor makers about China plants. Concerns about Middle East tensions persist.

Stocks initially rose due to eased Middle East tensions but turned lower on Iran’s readiness to discuss uranium enrichment limits. Speculation on US involvement in Israel-Iran war and dovish Fed comments also impacted markets. Volatility expected due to $6.5 trillion expiration of options and derivatives. Economic data negative with Philly Fed survey and LEI declining.

Market concern over Iran-Israel conflict continues as no signs of easing hostilities are seen. Strait of Hormuz remains open despite disruptions, while Iran vows forceful response to US involvement. Tariff news expected after Trump’s announcement. FOMC projects minimal rate cut in July. European markets mixed, with T-notes and bond yields impacted.

Eurozone consumer confidence falls, German PPI declines, and UK retail sales drop. ECB unlikely to cut rates in July. Chip makers and tech giants like Alphabet and Nvidia drag down stocks. Accenture and Smith & Wesson report losses, while Kroger and CarMax see gains. Fair Isaac approves stock repurchase, and GMS Inc attracts Home Depot offer.

Darden Restaurants report strong Q4 sales, Circle Internet Group surges on stablecoin legislation. Mondelez International gains on upgrade. Earnings reports from Accenture, CarMax, Darden Restaurants, and Kroger due on 6/20. Market movements influenced by geopolitical tensions, economic data, and company performance.



Read more at Nasdaq: Stocks Erase Early Gains on Weakness in Chip Makers