Key Facts
• June 11: S&P 500 and Nasdaq closed lower due to Middle East tensions.
• Inflation data showed a 2.4% YoY rise in May, slightly below the 2.5% forecast.
• Dow Jones Industrial Average ended nearly flat, while S&P 500 fell 0.2%.
• Amazon dropped 2%, Nvidia declined 0.8%, weighing on S&P 500.
• U.S. Embassy in Iraq prepared evacuation orders amid rising regional risks.
• Iran threatened U.S. military bases if nuclear talks failed.
• Consumer discretionary sector fell 1.02%, materials dropped 0.98%.
• Tesla rose 0.1%, while GameStop fell 5.3% due to declining Q1 sales.
• Federal Reserve rate cut probability by September reached 70%.
• U.S.-China trade talks concluded with agreements on rare earth exports.
• Total trading volume: 18.9 billion shares, above the 20-day average of 17.8 billion.
Summary
On June 11, the U.S. stock market saw declines in the S&P 500 and Nasdaq, driven by escalating tensions in the Middle East. Despite inflation data showing a 2.4% YoY rise in May, slightly below expectations, geopolitical risks overshadowed market sentiment. The Dow Jones ended flat, while the S&P 500 dropped 0.2%. Key stocks like Amazon and Nvidia fell, contributing to the decline, while Tesla saw a slight gain. The U.S. Embassy in Iraq prepared evacuation orders, and Iran issued threats against U.S. military bases amid stalled nuclear talks. Meanwhile, U.S.-China trade negotiations concluded with agreements on rare earth exports. The Federal Reserve is expected to cut rates by September, with a 70% probability priced in. Trading volume reached 18.9 billion shares, surpassing the 20-day average.
