Stock indexes close mixed due to negative trade news, tariff concerns, and escalating Iran-Israel tensions

From Nasdaq: 2025-06-20 18:26:00

Stock indexes closed mixed on Friday, with the S&P 500 down -0.22%, Dow Jones up +0.08%, and Nasdaq down -0.43%. Negative trade news and tariff concerns weighed on markets, while speculation on US involvement in Israel-Iran war and dovish Fed comments provided some support. E-mini futures were down.

US economic news was disappointing, with the Philadelphia Fed survey at -4.0 and leading economic indicators falling -0.1%. Tensions between Israel and Iran escalated, causing concerns. The markets are pricing in a 17% chance of a rate cut at the July FOMC meeting. Overseas markets settled mixed, with European bonds seeing varied yields.

Interest rates saw T-notes close higher on Friday, supported by weak economic data and dovish Fed comments. However, they initially fell on reduced safe-haven demand. European bond yields were mixed, with German bunds down -0.4 bp. Economic data included a drop in Eurozone consumer confidence and German PPI.

UK retail sales fell more than expected in May, while swaps indicate a low chance of an ECB rate cut. Stock movers included chip makers and tech giants like Alphabet and Meta Platforms down, while Kroger and CarMax saw gains. Companies like Accenture and Smith & Wesson saw losses after earnings reports. GMS Inc surged on acquisition news.



Read more at Nasdaq: Stocks Settle Mostly Lower as Chip Makers Fall