On the New York Stock Exchange, June 13, 2025 (AFP / Angela Weiss)
The New York Stock Exchange ended up on Friday, investors showing a certain risk aversion to economic and geopolitical uncertainties linked to the war between Iran and Israel and American customs duties.
After an increased opening, the NASDAQ index fell 0.51% and the enlarged S&P 500 index lost 0.22%. The Dow Jones grabbed 0.08%.
“We are in a situation where uncertainties have intensified,” comments Adam Sarhan, 50 Park Investments with AFP.
The analyst notes in particular information published in the Wall Street Journal that the United States could revoke derogations granted to certain semiconductor companies with factories in China.
This affected “technological actions, which led to the rest of the market,” said Sarhan.
Most of the semiconductor sector values fell like Nvidia (-1.12% to 143.85 dollars), Broadcom (-0.27% to 249.99 dollars) and Taiwan Semiconductor Manufacturing Company (TSMC, -1.87% at 209.50 dollars).
In addition, “we are in a situation where tensions in the Middle East continue. There is no cease-fire and we fear that the United States will be involved” in the conflict, underlines Adam Sarhan.
US President Donald Trump said on Friday that Europeans will not be useful to resolve the war between Iran and Israel, after a meeting in Geneva between European and Iranian Foreign Affairs Ministers.
The Republican added that the deadline, announced on Thursday, two weeks for him to make a decision on direct intervention by the United States in Iran was a “maximum”.
With the conflict in the Middle East, “we have higher energy prices (the American barrel of oil has taken more than $ 7, editor’s note), which means that inflation will most likely increase and not decrease, which reduces the chances that the Federal Reserve (Fed) reduces its rates,” said Sarhan.
On Wednesday, the United States central bank decided to leave its guiding rates unchanged for the fourth time in a row.
Its president Jerome Powell suggested that the monetary institution was not going to deviate quickly from his wait -and -see posture, worried about seeing inflation set out with the customs duties set up by President Donald Trump.
In this context, in the bond market, the yield of ten years of American bonds was 4.38% against 4.39% the day before at the end.
On the table of values, the American supermarket chain Kroger jumped (+9.82% to 71.96 dollars) after having noted its turnover forecasts for the current year. In the first three months of the year, the company generated net profit per share of $ 1.49, above expectations.
The seller of used car Carmax (+6.61%, at 68.58 dollars) was sought after publishing results higher than the expectations for the first quarter of his exercise. The company generated net profit per share, a reference given for the markets, of 1.38 dollars, against 1.16 expected.
CIRCLE (+20.57% at $ 240.65), creator of the Stablecoin USDC, continued to take advantage of the adoption by the US Senate of a law regulating these cryptocurrencies, as well as the Coinbase digital asset exchange platform (+2.20% at 301.78 dollars).
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