Stocks Fall and Oil Rallies as Israel Attacks Iran

From Nasdaq: 2025-06-13 13:04:00

Stock indexes are down with the S&P 500 at -0.96%, Dow Jones at -1.53%, and Nasdaq 100 at -1.05%. Israeli strikes on Iran spark market concern. Gold prices rise 1.3%. Trump warns Iran of more brutal attacks. Oil prices up 5%. Investors cautious ahead of G-7 meeting and possible tariff news.

US consumer sentiment index rises, inflation expectations fall. FOMC meeting might not see a rate cut. European bond yields slightly higher. Swaps predict ECB rate cut at 11%. Oil company and defense stocks rally; travel stocks suffer. Airlines hit by higher oil prices. Tech stocks lower.

Magnificent 7 stocks down except for Tesla. Visa and Mastercard drop 5% on stablecoin news. US Steel falls on takeover concerns. Adobe down on AI revenue worries. McDonald’s edges up despite downgrade. Boeing continues decline after Dreamliner crash. Earnings reports for various companies.



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