HomeMarket NewsUS Stock Market LIVE Updates: Dow Jones tanks 270 points on escalating Israel-Iran conflict, weak retail sales
US Stock Market LIVE Updates: US stocks are slipping on Tuesday (June 17) following signals that one of the US economy’s main engines, spending by households, is weakening, while Israel’s conflict with Iran may be worsening. The S&P 500 was 0.4% lower in early trading. The Dow Jones Industrial Average was down 129 points, or 0.3%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.4% lower.
US Stock Market LIVE Updates: US stocks are slipping on Tuesday (June 17) following signals that one of the US economy’s main engines, spending by households, is weakening, while Israel’s conflict with Iran may be worsening. The S&P 500 was 0.4% lower in early trading. The Dow Jones Industrial Average was down 129 points, or 0.3%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.4% lower. Treasury yields also nudged lower in the bond market after a report said shoppers spent less last month at US retailers than the month before and than economists expected. Solid such spending has been one of the linchpins keeping the economy out of a recession, but part of May’s drop may have simply been a return to more normal trends. In April, some shoppers had rushed to buy automobiles to get ahead of President Donald Trump’s tariffs.
Watch this space for all the live updates.
