US equities fell on Tuesday as investors closely monitored escalating tensions in the Middle East, with the Israel-Iran conflict entering its fifth day. The S&P 500 lost 0.8%, the Dow dropped 299 points and the Nasdaq fell 0.9%, amid growing fears that the US could become directly involved in the Israel-Iran conflict.
President Trump intensified his rhetoric, demanding Iran's "unconditional surrender" and warning of a potential strike against Supreme Leader Khamenei in a series of Truth Social posts. At the same time, disappointing US retail sales, which dropped 0.9% in May, signaled a slowing consumer that tariffs may be having a growing impact in the economy.
In corporate news, JetBlue Airways sank 7.9% after its CEO warned that weak travel demand makes break-even margins unlikely this year. United, Delta, and American Airlines also slipped 6.2%, 4.3%, and 3.1%, respectively. Conversely, ExxonMobil and Chevron gained 1.3% and 3.2%, respectively, following a 4% surge in oil prices.
Source: Trading Economi
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