As Wall Street closes a week of modest losses, US stocks drift into a mixed finish
NEW YORK (AP) – US stocks drifted into a mixed finish on Friday and then quietly returned to trading June holiday.
The S&P 500 fell 0.2%, closing for the second consecutive week of modest losses. Dow Jones’ industrial average added 35 points (0.1%), while Nasdaq Composite fell 0.5%.
Treasury yields are held relatively steady in the bond market President Donald Trump He said he would decide Within 2 weeks Whether the US military will be directly involved in the fight between Israel and Iran. This window offers the possibility of a negotiated reconciliation against Iran’s nuclear program, which could avoid an increase in combat.
Disputes send oil prices Yo-yo Last week, it sparked a seesaw movement in the US stock market. rise and Ebbing They fear that war could disrupt the crude global trend. Iran is a major producer of oil, and also sits in the narrow straits of Hormuz, where many of the world’s rough litter passes through.
“We’re all waiting for pins and needles. We see what happens in the Israeli-Iran situation.” “Those types of situations can highlight the market, but in many cases the best way to manage that stress is to get over it and not try to trade.”
On Wall Street, Kroger rose 9.8% after grocery stores reported higher profits in the most recent quarter than Wall Street had predicted. It also raised forecasts for the scale underlying full year revenue. However, Chief Financial Officer David Kennerley said he is seeing positive momentum, but the company also sees the overall economic environment as uncertain.
Carmax rose 6.6% after car dealers reported higher profits in the recent quarter than analysts expected. The company said it sold nearly 6% of its used cars in a quarter than a year ago.
On the losing end of Wall Street was the gun manufacturer Smith & Wesson brand. It fell 19.8% after reporting profits and revenues for the latest quarter, when analysts’ expectations fell.
Chief Financial Officer Deena McPherson said, “Continued inflation, high interest rates and causal uncertainty. Customs Concerns are hurting firearm sales, and the company expects demand for the upcoming fiscal year will be similar to the past year, depending on how inflation and tariffs are deployed.
The S&P 500 fell 13.03 points to 5,967.84. The Dow Jones industrial average rose from 35.16 to 42,206.82, while the Nasdaq Composite fell from 98.86 to 19,447.41.
Due to all the uncertainty that tariffs are being created for customers and suppliers, Spice of companies adjusting or withdrawing their 2025 financial forecasts has withdrawn their 2025 financial forecasts. Everyone is waiting to see if Trump will reach a trade deal with other countries that could lower tariffs on imports. Many of them are currently suspended.