Stock market today: Dow, S&P 500, Nasdaq fall with focus on Trump Iran decision, Fed rate cuts, China chip tensions
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Stock market today: S&P 500, Nasdaq fall with focus on Trump Iran decision, Fed rate cuts, China chip tensions
US stocks turned mostly lower on Friday as investors navigated a flurry of developments across multiple fronts. The Dow Jones Industrial Average (^DJI) wavered around the flat line. The S&P 500 erased early morning gains to fall 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.4%. A Fed governor floated the possibility of rate cuts by July, and President Trump put off a decision on whether he would authorize a US strike in Iran.
The Dow Jones Industrial Average (^DJI) wavered around the flat line. The S&P 500 (^GSPC) erased early morning gains to fall 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.4%.
A Fed governor floated the possibility of interest rate cuts by July, and President Trump put off a decision on whether he would authorize a US strike in Iran.
Meanwhile, chip stocks took a hit after a Wall Street Journal report indicated the US wants to revoke waivers from top global semiconductor manufacturers used for accessing American technology in China. Nvidia (NVDA) fell around 1.1%.
Trump has introduced a self-imposed two-week time limit on deciding whether to enter the Middle East conflict, via a message relayed on Thursday by the White House press secretary. While the move added another layer of uncertainty to an already cautious market, it also opened a window for diplomacy to persuade Iran to negotiate — an idea its president rejected strongly on Friday.
Eyes are now on European efforts to get Iran back to the table and avert further escalation in tensions. Foreign ministers from France, the UK, and Germany are holding talks in Geneva with their Iranian counterpart.
Meanwhile, Fed governor Chris Waller on Friday floated the possibility of rate cuts in July, arguing recent inflation data has been tame even amid the introduction of Trump’s tariffs.. The central bank held interest rates steady this week, and Federal Reserve Chair Jerome Powell reiterated that policymakers are not rushing to ease, leading to a fresh attack from Trump.
Waller’s comments led to a slight uptick in bets on a July cut, though most traders are betting on the next cut coming in September, according to CME Group.
Read more: The latest on Trump’s tariffs
LIVE
17 updates
Stock market today: S&P 500, Nasdaq fall with focus on Trump Iran decision, Fed rate cuts, China chip tensions
US stocks turned mostly lower on Friday as investors navigated a flurry of developments across multiple fronts. The Dow Jones Industrial Average (^DJI) wavered around the flat line. The S&P 500 erased early morning gains to fall 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.4%. A Fed governor floated the possibility of rate cuts by July, and President Trump put off a decision on whether he would authorize a US strike in Iran.
The Dow Jones Industrial Average (^DJI) wavered around the flat line. The S&P 500 (^GSPC) erased early morning gains to fall 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.4%.
A Fed governor floated the possibility of interest rate cuts by July, and President Trump put off a decision on whether he would authorize a US strike in Iran.
Meanwhile, chip stocks took a hit after a Wall Street Journal report indicated the US wants to revoke waivers from top global semiconductor manufacturers used for accessing American technology in China. Nvidia (NVDA) fell around 1.1%.
Trump has introduced a self-imposed two-week time limit on deciding whether to enter the Middle East conflict, via a message relayed on Thursday by the White House press secretary. While the move added another layer of uncertainty to an already cautious market, it also opened a window for diplomacy to persuade Iran to negotiate — an idea its president rejected strongly on Friday.
Eyes are now on European efforts to get Iran back to the table and avert further escalation in tensions. Foreign ministers from France, the UK, and Germany are holding talks in Geneva with their Iranian counterpart.
Meanwhile, Fed governor Chris Waller on Friday floated the possibility of rate cuts in July, arguing recent inflation data has been tame even amid the introduction of Trump’s tariffs.. The central bank held interest rates steady this week, and Federal Reserve Chair Jerome Powell reiterated that policymakers are not rushing to ease, leading to a fresh attack from Trump.
Waller’s comments led to a slight uptick in bets on a July cut, though most traders are betting on the next cut coming in September, according to CME Group.
Read more: The latest on Trump’s tariffs
LIVE
17 updates
Stock market today: S&P 500, Nasdaq fall with focus on Trump Iran decision, Fed rate cuts, China chip tensions
US stocks turned mostly lower on Friday as investors navigated a flurry of developments across multiple fronts. The Dow Jones Industrial Average (^DJI) wavered around the flat line. The S&P 500 erased early morning gains to fall 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.4%. A Fed governor floated the possibility of rate cuts by July, and President Trump put off a decision on whether he would authorize a US strike in Iran.
The Dow Jones Industrial Average (^DJI) wavered around the flat line. The S&P 500 (^GSPC) erased early morning gains to fall 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.4%.
A Fed governor floated the possibility of interest rate cuts by July, and President Trump put off a decision on whether he would authorize a US strike in Iran.
Meanwhile, chip stocks took a hit after a Wall Street Journal report indicated the US wants to revoke waivers from top global semiconductor manufacturers used for accessing American technology in China. Nvidia (NVDA) fell around 1.1%.
Trump has introduced a self-imposed two-week time limit on deciding whether to enter the Middle East conflict, via a message relayed on Thursday by the White House press secretary. While the move added another layer of uncertainty to an already cautious market, it also opened a window for diplomacy to persuade Iran to negotiate — an idea its president rejected strongly on Friday.
Eyes are now on European efforts to get Iran back to the table and avert further escalation in tensions. Foreign ministers from France, the UK, and Germany are holding talks in Geneva with their Iranian counterpart.
Meanwhile, Fed governor Chris Waller on Friday floated the possibility of rate cuts in July, arguing recent inflation data has been tame even amid the introduction of Trump’s tariffs.. The central bank held interest rates steady this week, and Federal Reserve Chair Jerome Powell reiterated that policymakers are not rushing to ease, leading to a fresh attack from Trump.
Waller’s comments led to a slight uptick in bets on a July cut, though most traders are betting on the next cut coming in September, according to CME Group.
Read more: The latest on Trump’s tariffs
LIVE
17 updates
Stock market today: S&P 500, Nasdaq fall with focus on Trump Iran decision, Fed rate cuts, China chip tensions
US stocks turned mostly lower on Friday as investors navigated a flurry of developments across multiple fronts. The Dow Jones Industrial Average (^DJI) wavered around the flat line. The S&P 500 erased early morning gains to fall 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.4%. A Fed governor floated the possibility of rate cuts by July, and President Trump put off a decision on whether he would authorize a US strike in Iran.
The Dow Jones Industrial Average (^DJI) wavered around the flat line. The S&P 500 (^GSPC) erased early morning gains to fall 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.4%.
A Fed governor floated the possibility of interest rate cuts by July, and President Trump put off a decision on whether he would authorize a US strike in Iran.
Meanwhile, chip stocks took a hit after a Wall Street Journal report indicated the US wants to revoke waivers from top global semiconductor manufacturers used for accessing American technology in China. Nvidia (NVDA) fell around 1.1%.
Trump has introduced a self-imposed two-week time limit on deciding whether to enter the Middle East conflict, via a message relayed on Thursday by the White House press secretary. While the move added another layer of uncertainty to an already cautious market, it also opened a window for diplomacy to persuade Iran to negotiate — an idea its president rejected strongly on Friday.
Eyes are now on European efforts to get Iran back to the table and avert further escalation in tensions. Foreign ministers from France, the UK, and Germany are holding talks in Geneva with their Iranian counterpart.
Meanwhile, Fed governor Chris Waller on Friday floated the possibility of rate cuts in July, arguing recent inflation data has been tame even amid the introduction of Trump’s tariffs.. The central bank held interest rates steady this week, and Federal Reserve Chair Jerome Powell reiterated that policymakers are not rushing to ease, leading to a fresh attack from Trump.
Waller’s comments led to a slight uptick in bets on a July cut, though most traders are betting on the next cut coming in September, according to CME Group.
Read more: The latest on Trump’s tariffs
LIVE
17 updates
Stock market today: S&P 500, Nasdaq fall with focus on Trump Iran decision, Fed rate cuts, China chip tensions
US stocks turned mostly lower on Friday as investors navigated a flurry of developments across multiple fronts. The Dow Jones Industrial Average (^DJI) wavered around the flat line. The S&P 500 erased early morning gains to fall 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.4%. A Fed governor floated the possibility of rate cuts by July, and President Trump put off a decision on whether he would authorize a US strike in Iran.
The Dow Jones Industrial Average (^DJI) wavered around the flat line. The S&P 500 (^GSPC) erased early morning gains to fall 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.4%.
A Fed governor floated the possibility of interest rate cuts by July, and President Trump put off a decision on whether he would authorize a US strike in Iran.
Meanwhile, chip stocks took a hit after a Wall Street Journal report indicated the US wants to revoke waivers from top global semiconductor manufacturers used for accessing American technology in China. Nvidia (NVDA) fell around 1.1%.
Trump has introduced a self-imposed two-week time limit on deciding whether to enter the Middle East conflict, via a message relayed on Thursday by the White House press secretary. While the move added another layer of uncertainty to an already cautious market, it also opened a window for diplomacy to persuade Iran to negotiate — an idea its president rejected strongly on Friday.
Eyes are now on European efforts to get Iran back to the table and avert further escalation in tensions. Foreign ministers from France, the UK, and Germany are holding talks in Geneva with their Iranian counterpart.
Meanwhile, Fed governor Chris Waller on Friday floated the possibility of rate cuts in July, arguing recent inflation data has been tame even amid the introduction of Trump’s tariffs.. The central bank held interest rates steady this week, and Federal Reserve Chair Jerome Powell reiterated that policymakers are not rushing to ease, leading to a fresh attack from Trump.
Waller’s comments led to a slight uptick in bets on a July cut, though most traders are betting on the next cut coming in September, according to CME Group.
Read more: The latest on Trump’s tariffs
LIVE
17 updates