empty
17.06.2025 10:45 AM
Update on US stock market on June 17

This image is no longer relevant

S&P500

Snapshot of major US stock indices on Monday: Dow +0.8%, NASDAQ +1.5%, S&P 500 +0.9%, S&P 500 at 6,033 in an intraday range of 5,600 to 6,200.

On Monday, the US stock market regrouped and recovered much of the losses sustained on Friday, buoyed by the understanding that the Israel-Iran conflict remains relatively contained and has not yet led to any significant disruptions in oil supplies. Reports suggested that Iran is engaging in diplomatic efforts to negotiate a potential ceasefire with Israel, although Israel has not expressed any such initiatives.

Despite this uncertainty, market sentiment was broadly positive, with the strongest momentum at the open, which pushed the S&P 500 as high as 6,050. However, buyers struggled to sustain that early confidence. The benchmark stock indices gradually retreated from these initial highs until the end of the session, but still closed comfortably above their opening levels.

The rally was supported by strong performance from large-cap stocks, which led gains in the information technology (+1.5%), communication services (+1.5%), and consumer discretionary (+1.2%) sectors.

The Vanguard Mega-Cap Growth ETF (MGK) rose 1.3%, outperforming the S&P 500's 0.9% gain.

Semiconductor stocks delivered standout performances, led by Advanced Micro Devices (AMD 126.40, +10.24, +8.82%), which surged following a CNBC report that the company may have secured a GPU deal with Amazon (AMZN 216.17, +4.07, +1.92%). The Philadelphia Semiconductor Index climbed 3.0%, bringing its quarterly gain to 23.3%.

On the downside, defense and energy stocks, which led on Friday amid geopolitical concerns, pulled back as fears over the Israel-Iran conflict ebbed away. The S&P 500 energy sector (-0.3%) traded lower alongside a decline in WTI crude futures (71.83, -1.33, -1.8%). Relative weakness was also observed in defensive sectors such as utilities (-0.5%), healthcare (-0.4%), and consumer basics (+0.02%).

Market breadth favored advancers over decliners by less than 2-to-1 on both the NYSE and Nasdaq, with this advantage narrowing as the session progressed.

Year-to-date performance:

  • S&P 500: +2.6%
  • Nasdaq: +2.0%
  • DJIA: -0.1%
  • S&P 400: -2.7%
  • Russell 2000: -4.8%

Economic calendar The Empire State Manufacturing Survey for June was weaker than expected. The PMI plunged at -16.0 (consensus -6.6; previous -9.2), with declines in both new orders and shipments indices. This marked the fourth consecutive monthly contraction in New York State manufacturing activity; however, firms reported a more optimistic outlook for business conditions over the next six months.

Energy market Brent crude held at $74.40 as of Monday. Oil prices remain stable despite the ongoing Israel-Iran conflict for now, as Israel has not launched any major strikes against Iran's key oil infrastructure. However, this could change quickly.

Conclusion: The situation in Iran remains highly unstable and is likely to shift dramatically in the near term — either toward negotiations and some form of ceasefire or toward a collapse of authority in Iran, potentially leading to chaos.

The US stock market remains focused on the Federal Reserve's policy meeting but will react strongly to any major developments in the Middle East conflict.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Mihail Makarov
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

July 25 Stock Market Update: S&P 500, NASDAQ pause after rally

As of July 25, US equity indices posted a mixed performance. The S&P 500 edged up by 0.07%, while the Nasdaq 100 gained 0.17%. The Dow Jones Industrial Average slipped

Jakub Novak 11:17 2025-07-25 UTC+2

Trump strikes deal with Japan — and other key headlines shaping your portfolio

Markets are bracing for a new wave of disruption: Trump seals a tariff deal with Japan, Apple dodges multimillion-dollar fines, Amazon challenges Meta and OpenAI, and AstraZeneca builds a pharma

Аlena Ivannitskaya 13:14 2025-07-23 UTC+2

Update on US stock market on July 23: SP500 and NASDAQ recoup all earlier losses

As of yesterday's close, US stock indices ended mixed. The S&P 500 rose by 0.06%, while the Nasdaq 100 fell by 0.39%. The industrial Dow Jones gained 0.40%. The record-breaking

Jakub Novak 09:27 2025-07-23 UTC+2

Update on US stock market on July 22. SP500 and NASDAQ sharply down

US stock indices closed mixed yesterday. The S&P 500 rose by 0.14%, and the Nasdaq 100 gained 0.38%. However, the industrial Dow Jones dipped by 0.04%. Today, Asian stocks declined

Jakub Novak 09:54 2025-07-22 UTC+2

High-profile elections in Japan and three important signals for traders

Markets are once again in a state of turbulence. The Japanese yen is fluctuating wildly following the political collapse of Prime Minister Shigeru Ishiba's coalition, which has deepened uncertainty

Аlena Ivannitskaya 12:43 2025-07-21 UTC+2

US stocks end week higher

S&P 500 Overview for July 21 The US market ended the week with gains Major US indices on Friday: Dow -0.3%, NASDAQ +0%, S&P 500 +0%, S&P 500 at 6,297

Jozef Kovach 09:30 2025-07-21 UTC+2

Update on US stock market on July 18. Investors overwhelmed by optimism. SP500 above 6,300

S&P500 Snapshot of major US stock indexes on Thursday Dow +0.5%, NASDAQ +0.7%, S&P 500 +0.5%, S&P 500 closed at 6,297, trading in a range of 5,900 to 6,400

Jozef Kovach 12:48 2025-07-18 UTC+2

Stock market on July 18: SP500 and NASDAQ continue their rally

As of yesterday, US stock indices closed higher. The S&P 500 rose by 0.54%, while the Nasdaq 100 added 0.75%. The industrial Dow Jones strengthened by 0.52%. Today

Jakub Novak 12:02 2025-07-18 UTC+2

Update on US stock market on July 17: key stock indices consolidating below their highs

S&P500 Snapshot of major US stock indices on Wednesday Dow +0.5%, NASDAQ +0.3%, S&P 500 +0.3%, S&P 500 closed at 6263, trading in a range of 5,900 to 6400

Jozef Kovach 13:03 2025-07-17 UTC+2

Stock market on July 17: SP500 and NASDAQ lifted by Powell speculation

As of yesterday, US stock indices closed higher. The S&P 500 rose by 0.32%, while the Nasdaq 100 added 0.25%. The industrial Dow Jones strengthened by 0.53%. The dollar also

Jakub Novak 12:28 2025-07-17 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback