Wall Street Live: US stocks edge lower as Middle East conflict escalates | Stock Market News

Wall Street Live: US stocks edge lower as Middle East conflict escalates | Stock Market News

Source: Live Mint

US stocks retreated on Tuesday on escalating the Israel-Iran conflict and ahead of the Federal Reserve’s monetary policy decision. 

At the opening bell, the Dow Jones Industrial Average fell 156.5 points, or 0.37%, to 42358.62. The S&P 500 fell 21.0 points, or 0.35%, to 6012.15​, while the Nasdaq Composite dropped 74.1 points, or 0.38%, to 19627.082. 

The US central bank began a two-day monetary policy meeting on Tuesday. It is widely expected to keep interest rates unchanged.

Data showed overall US retail sales dropped by 0.9% from April to $715.4 billion, a bigger-than-expected fall that suggests a slowing sales last month.

US President Donald Trump departed early from a G7 meeting in Canada, saying he wanted a “real end” to the conflict, not just a ceasefire, and a “complete give-up” by Iran.



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