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Equity Markets Lower Amid Developments in Israel-Iran Conflict
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Equity Markets Lower Amid Developments in Israel-Iran Conflict
Jun 20, 2025 1:03 PM

03:35 PM EDT, 06/20/2025 (MT Newswires) -- US benchmark equity indexes are on track to close lower on Friday, as investors parse the latest developments in the Israel-Iran conflict.

The S&P 500 fell 0.3% to 5,961.62 while the Nasdaq Composite was down 0.6% to 19,425.51. The Dow Jones Industrial Average eased to 42,157.59. Among sectors, energy led the gainers while communication saw the steepest decline.

Kroger ( KR ) shares were up 9%, the top gainer on the S&P 500. The company raised its guidance for identical sales growth for fiscal 2025 after the supermarket chain reported a year-on-year increase in the metric for Q1.

Builders FirstSource ( BLDR ) shares were up 6.9% even after Wedbush reduced its price target to $145 from $190, citing weaker starts and lumber deflation.

Accenture ( ACN ) shares were down 7%, the steepest decline on the S&P. The company raised its full-year earnings outlook and reported fiscal Q3 results above market expectations, though the consulting firm's bookings declined on an annual basis.

The 10-year US Treasury yield was down 2 basis points to 4.38%, while the two-year rate decreased 3.5 basis points to 3.91%.

August West Texas Intermediate crude oil was up 0.6% at $73.94 a barrel.

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