Major Indexes Finish Mixed as the Israel-Iran Cease-Fire Holds - Minute Briefing
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Julia Carpenter: Here's your closing bell brief for Wednesday, June 25th. I'm Julia Carpenter for the Wall Street Journal. The three major indexes ended the day mixed as the Iran-Israel ceasefire held steady. The Dow Jones Industrial Average lost 107 points to close at 42,982. The S&P 500 stayed roughly flat, and the Nasdaq gained 61 points. US oil prices climbed slightly higher today. Even as the Israel Iran ceasefire appears fragile, analysts said as long as both countries refrain from attacking energy export infrastructure or disrupting shipping, oil prices could likely remain muted. Meanwhile, Jerome Powell returned for his second day of congressional testimony. President Trump said he's reviewing new candidates to replace the Federal Reserve Chairman once Powell's term ends in 2026. In individual companies trading today, after new car registrations for Tesla fell across the European Union signaling a steep sales decline, shares of the electric car company dropped 3.8%. Shares of FedEx dropped 3.3% after the shipping company said it expected to lose $170 million this quarter as a result of President Trump's tariffs. The administration's change in rules led to a much lower demand for packages shipped from China to the US. Rival UPS shares also fell 1.2%. And after posting better than expected quarterly results, shares of BlackBerry, the cybersecurity company, shot up 12.5%. We'll have a lot more coverage of the day's news on the WSJ's What's News Podcast? You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.
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