Iran, Israel and Dow Jones
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Investor attention is also fixed on the Federal Reserve, which begins its two-day policy meeting Tuesday. The outcome is expected on June 18 Experts predict that this could mark the fourth consecutive meeting where the Fed keeps interest rates unchanged.
The Dow Jones Index plunged by over 1.80% on Friday as concerns about geopolitics emerged. Its crash mirrored that of other American indices like the S&P 500, Nasdaq 100, and the Russell 2000. This article explores the top 3 catalysts that will drive the Dow Jones and the US stocks this week.
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InvestorsHub on MSNDow Jones, S&P, Nasdaq, Geopolitical Concerns May Weigh On Wall Street After Israeli Airstrikes Against IranThe major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a notably lower open for the markets on Friday, with stocks likely to show a significant move back to the downside after ending the previous session modestly higher.
Monday’s bullish push has pared back some of last week’s late losses, pushing the Dow Jones Industrial Average back above 42,500. However, the major equity index remains embroiled in a consolidation zone that has plagued the Dow since mid-May.
As geopolitical risks jolt markets, STNE, CNC, CVS and PFE shine with low cash flow valuations and solid earnings outlooks.
Wall Street indexes dipped due to rising Middle East tensions and unclear US-China trade deals. Boeing fell after a deadly crash in India. Gold prices rose and tech stocks were mixed. Investors expect interest rates to remain unchanged,
At the same time, the Bureau of Labor Statistics this week reported that both producer and consumer prices increased just 0.1% on a monthly basis, pointing toward little upward pressure from the duties. Economists still largely expect the tariffs to show an impact in the coming months.
The recent airstrikes by Israel in Iran are not expected to have a significant impact on the U.S. economy, according to leading economists. What Happened: Although potential risks remain, the U.S. economy’s current outlook appears relatively stable,