Today, the U.S. stock market closed lower as investors closely monitored geopolitical and trade-related developments. Trading volumes surged, reaching $6.5 trillion, yet semiconductor stocks showed weakness. Federal Reserve Governor Christopher Waller indicated the possibility of an interest rate hike as early as July, contributing to a decline in the Treasury yields. Meanwhile, President Trump’s announcement regarding diplomatic efforts to de-escalate tensions with Iran did not completely alleviate market anxieties, hinting that U.S. involvement might not be required.
Overview
The U.S. stock market closed lower today against a backdrop of rising geopolitical tensions and trade issues, with particular weakness in the semiconductor sector.
Major News
- Trading volume reached $6.5 trillion.
- Christopher Waller from the Federal Reserve hinted at a possible July interest rate hike, causing Treasury yields to fall.
- President Trump announced diplomatic efforts to resolve the Iran conflict, but market anxieties remain high.
- Positive sentiments from European officials following the Iran talks.
- Reports about potential exemptions for semiconductor manufacturing in China led to declines in related stocks.
Tomorrow's Economic Indicators
| Date | Time | Economic Indicator |
|---|---|---|
| June 22, 2025 | 10:45 AM | U.S. June S&P Global Manufacturing PMI |
| June 22, 2025 | 10:45 AM | U.S. June S&P Global Services PMI |
| June 22, 2025 | 10:45 AM | U.S. June S&P Global Composite PMI |
| June 23, 2025 | TBD | U.S. May Existing Home Sales |
As we look to tomorrow’s economic indicators, traders will be keen to gauge how these data points may influence market movement amidst the current volatility.
| NasDaq | S&P 500 |
| Dow Jones | Won/Dollar |
