Latest news with #SiebertFinancial
Economic Times
2 hours ago
- Business
- Economic Times
US stock market outlook: Will S&P 500, Dow Jones, Nasdaq crash or rise amidst Iran Israel war?
Donald Trump-headed USA's direct involvement Iran Israel war is set to have an impact on the US Stock Market. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads FAQs Donald Trump stunned the world by declaring that USA conducted "very successful attack" on three nuclear sites in Iran. US Stock Market indexes -- S&P 500 Dow Jones , and Nasdaq -- on Monday are bound to react as President Trump's decision to join Israel's military campaign against Iran represents a major escalation of the market experts have said that next two weeks are crucial for the Wall Street as all eyes will be on US Dollar rate and oil Malek, Chief Investment Officer, Siebert Financial, NYC said that this is going to be very positive for the stock market. "I believe that on Friday if you'd asked me, I would have expected two weeks of volatility with markets trying to analyze every drib and drab of information coming out of the White House and I would have said that it would have been better to make a decision last week. So this will be reassuring, especially since it seems like a one and done situation and not as if (the US) is seeking a long, drawn out conflict," Malek Ren Goh, Portfolio Manager, Eastspring Investments, Singapore said that with the prospects of a swift resolution now diminished, investors are likely to reprice risk across Street drifted to a mixed finish on Friday. S&P 500 fell 0.2 per cent to close out a second straight week of modest losses. The Dow Jones Industrial Average added 0.1 per cent, and the Nasdaq composite fell 0.5 per cent. S&P 500 fell 13.03 points to 5,967.84. The Dow Jones Industrial Average rose 35.16 to 42,206.82, and the Nasdaq composite fell 98.86 to 19,447.41.A1. Key indexes of US Stock Market are S&P 500, Dow Jones, and Nasdaq.A2. President Donald Trump said that the US military carried out attacks on Natanz, Fordo, and Isfahan nuclear sites.
Time of India
8 hours ago
- Business
- Time of India
US stock market outlook: Will S&P 500, Dow Jones, Nasdaq crash or rise amidst Iran Israel war?
Donald Trump stunned the world by declaring that USA conducted "very successful attack" on three nuclear sites in Iran. US Stock Market indexes -- S&P 500, Dow Jones , and Nasdaq -- on Monday are bound to react as President Trump's decision to join Israel's military campaign against Iran represents a major escalation of the conflict. Stock market experts have said that next two weeks are crucial for the Wall Street as all eyes will be on US Dollar rate and oil prices. Mark Malek, Chief Investment Officer, Siebert Financial, NYC said that this is going to be very positive for the stock market. "I believe that on Friday if you'd asked me, I would have expected two weeks of volatility with markets trying to analyze every drib and drab of information coming out of the White House and I would have said that it would have been better to make a decision last week. So this will be reassuring, especially since it seems like a one and done situation and not as if (the US) is seeking a long, drawn out conflict," Malek said. Rong Ren Goh, Portfolio Manager, Eastspring Investments, Singapore said that with the prospects of a swift resolution now diminished, investors are likely to reprice risk across markets. Wall Street drifted to a mixed finish on Friday. S&P 500 fell 0.2 per cent to close out a second straight week of modest losses. The Dow Jones Industrial Average added 0.1 per cent, and the Nasdaq composite fell 0.5 per cent. S&P 500 fell 13.03 points to 5,967.84. The Dow Jones Industrial Average rose 35.16 to 42,206.82, and the Nasdaq composite fell 98.86 to 19,447.41. Live Events FAQs Q1. What are key indexes of US Stock Market? A1. Key indexes of US Stock Market are S&P 500, Dow Jones, and Nasdaq. Q2. Where did USA carry out attacks? A2. President Donald Trump said that the US military carried out attacks on Natanz, Fordo, and Isfahan nuclear sites. Economic Times WhatsApp channel )
The Star
13-06-2025
- Business
- The Star
U.S. stocks tumble as Middle East tensions flare
NEW YORK, June 13 (Xinhua) -- U.S. markets sank on Friday, closing out a volatile week with losses after a dramatic escalation in Middle East tensions rattled global investors. The Dow Jones Industrial Average plunged 769.83 points, or 1.79 percent, to 42,197.79. The S&P 500 fell 1.13 percent to 5,976.97, while the Nasdaq Composite dropped 1.30 percent to 19,406.83. The sell-off accelerated in the afternoon session after the Israel Defense Forces reported that dozens of missiles were launched from Iran, stating "all of Israel is under fire." This followed Israeli airstrikes on Iran, which Tehran called a "declaration of war." The escalating conflict raised fears of broader geopolitical instability that could impact energy markets and global supply chains. Ten of the 11 primary S&P 500 sectors finished in red. Financials and technology were the biggest laggards, falling 2.06 percent and 1.50 percent, respectively. Energy stocks, however, bucked the downtrend, gaining 1.72 percent as crude oil prices spiked on fears of supply disruptions in the Middle East. "This conflict adds challenges to the already sizable collection of worries being maintained by the markets -- those aren't going away. At the bare minimum the spike in crude, if it persists, will have an almost immediate impact on inflation numbers," said Mark Malek, chief investment officer of Siebert Financial. "If crude breaches and holds above the 100-U.S.-dollars (per barrel) mark, we could see U.S. inflation reaccelerate towards 5 percent," according to Phil Carr, head of trading at Britain-based firm GSC Commodity Intelligence. Technology stocks, which have led much of this year's rally, saw widespread losses. Nvidia and Broadcom each fell more than 2 percent, while Microsoft, Apple, Amazon, Alphabet, and Meta Platforms also declined. Tesla rose nearly 2 percent, rebounding after snapping a four-day winning streak Thursday. In economic news, the University of Michigan's consumer sentiment index rose to 60.5 in June, well above the 54 forecast by Dow Jones and marking a 15.9 percent jump from May. Despite the encouraging consumer outlook, it was not enough to offset investor anxiety over rising geopolitical risks. With volatility likely to persist, investors will be watching closely next week for developments in the Middle East as well as signals from the Federal Reserve's upcoming policy meeting.
West Australian
10-06-2025
- Business
- West Australian
Wall Street mixed as US-China trade talks grab focus
Wall Street's main indexes are mixed as investors await the outcome of ongoing trade talks between the United States and China aimed at cooling a tariff dispute that has bruised global markets this year. US Commerce Secretary Howard Lutnick said trade talks with China were going well as officials from the two sides met for a second day in London. Investors are hoping for an improvement in ties after the relief around a preliminary deal struck last month gave way to fresh doubts when the US accused China of blocking exports critical to sectors such as aerospace, semiconductors and defence. White House economic adviser Kevin Hassett said on Monday the US was likely to agree to lift export controls on some semiconductors in return for China speeding up the delivery of rare earths. "I think these issues will be resolved but I think it's still early days ... but the fact that they're talking certainly is positive," said Mark Malek, chief investment officer at Siebert Financial. "We're not making progress yards at a time but inches at a time." In early trading on Tuesday, the Dow Jones Industrial Average fell 20.22 points, or 0.05 per cent, to 42,742.88, the S&P 500 gained 10.30 points, or 0.17 per cent, to 6,016.18 and the Nasdaq Composite gained 53.92 points, or 0.28 per cent, to 19,645.16. Seven of the 11 major S&P 500 sub-sectors rose, led by energy with a 1.7 per cent gain, tracking strength in oil prices. Communication services stocks added 0.9 per cent. US equities rallied sharply in May, with the S&P 500 index and the tech-heavy Nasdaq marking their best monthly gains since November 2023, helped by upbeat earnings reports and a softening of US President Donald Trump's harsh trade stance. The S&P 500 remains about 2.0 per cent below all-time highs touched in February while the Nasdaq is about 2.6 per cent below its record peaks reached in December. Investors are awaiting US consumer prices data on Wednesday for clues on the Federal Reserve's rate trajectory. The World Bank slashed its global growth forecast for 2025 by 0.4 per centage point to 2.3 per cent, saying higher tariffs and heightened uncertainty posed a "significant headwind" for nearly all economies. Shares of McDonald's fell 1.4 per cent, weighing on the blue-chip Dow Index, after a report Redburn Atlantic downgraded the fast-food giant to "sell" from "buy". Most megacap and growth stocks were mixed. Tesla shares advanced 2.6 per cent. Insmed shares jumped 27.7 per cent after the drug maker said its experimental drug significantly reduced blood pressure in the lungs and improved exercise capacity in patients in a mid-stage study. US-listed shares of Tencent Music Entertainment Group advanced 2.2 per cent after the Chinese company said it would buy domestic long-form audio platform Ximalaya for about $US2.4 billion ($A3.7 billion) in cash and stock. Advancing issues outnumbered decliners by a 2.52-to-1 ratio on the NYSE and by a 1.76-to-1 ratio on the Nasdaq. The S&P 500 posted 7 new 52-week highs and one new low while the Nasdaq Composite recorded 42 new highs and 29 new lows.
Perth Now
10-06-2025
- Business
- Perth Now
Wall Street mixed as US-China trade talks grab focus
Wall Street's main indexes are mixed as investors await the outcome of ongoing trade talks between the United States and China aimed at cooling a tariff dispute that has bruised global markets this year. US Commerce Secretary Howard Lutnick said trade talks with China were going well as officials from the two sides met for a second day in London. Investors are hoping for an improvement in ties after the relief around a preliminary deal struck last month gave way to fresh doubts when the US accused China of blocking exports critical to sectors such as aerospace, semiconductors and defence. White House economic adviser Kevin Hassett said on Monday the US was likely to agree to lift export controls on some semiconductors in return for China speeding up the delivery of rare earths. "I think these issues will be resolved but I think it's still early days ... but the fact that they're talking certainly is positive," said Mark Malek, chief investment officer at Siebert Financial. "We're not making progress yards at a time but inches at a time." In early trading on Tuesday, the Dow Jones Industrial Average fell 20.22 points, or 0.05 per cent, to 42,742.88, the S&P 500 gained 10.30 points, or 0.17 per cent, to 6,016.18 and the Nasdaq Composite gained 53.92 points, or 0.28 per cent, to 19,645.16. Seven of the 11 major S&P 500 sub-sectors rose, led by energy with a 1.7 per cent gain, tracking strength in oil prices. Communication services stocks added 0.9 per cent. US equities rallied sharply in May, with the S&P 500 index and the tech-heavy Nasdaq marking their best monthly gains since November 2023, helped by upbeat earnings reports and a softening of US President Donald Trump's harsh trade stance. The S&P 500 remains about 2.0 per cent below all-time highs touched in February while the Nasdaq is about 2.6 per cent below its record peaks reached in December. Investors are awaiting US consumer prices data on Wednesday for clues on the Federal Reserve's rate trajectory. The World Bank slashed its global growth forecast for 2025 by 0.4 per centage point to 2.3 per cent, saying higher tariffs and heightened uncertainty posed a "significant headwind" for nearly all economies. Shares of McDonald's fell 1.4 per cent, weighing on the blue-chip Dow Index, after a report Redburn Atlantic downgraded the fast-food giant to "sell" from "buy". Most megacap and growth stocks were mixed. Tesla shares advanced 2.6 per cent. Insmed shares jumped 27.7 per cent after the drug maker said its experimental drug significantly reduced blood pressure in the lungs and improved exercise capacity in patients in a mid-stage study. US-listed shares of Tencent Music Entertainment Group advanced 2.2 per cent after the Chinese company said it would buy domestic long-form audio platform Ximalaya for about $US2.4 billion ($A3.7 billion) in cash and stock. Advancing issues outnumbered decliners by a 2.52-to-1 ratio on the NYSE and by a 1.76-to-1 ratio on the Nasdaq. The S&P 500 posted 7 new 52-week highs and one new low while the Nasdaq Composite recorded 42 new highs and 29 new lows.
