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US Equities Markets End Lower Friday as Tensions in the Middle East Rise
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US Equities Markets End Lower Friday as Tensions in the Middle East Rise
Jun 13, 2025 1:32 PM

04:05 PM EDT, 06/13/2025 (MT Newswires) -- US benchmark equity indexes ended lower Friday as Iran fired hundreds of ballistic missiles towards Israel in retaliation for an earlier attack targeting its nuclear and ballistic facilities.

* Israel struck at least 10 nuclear and military sites in a wave of airstrikes across western and central Iran, killing top military commanders and damaging uranium enrichment sites, Iranian state news outlets reported.

* US consumer sentiment improved more than expected in June, while year-ahead inflation expectations dropped to their lowest level in three months, preliminary results from a University of Michigan survey showed.

"Consumers' fears about the potential impact of tariffs on future inflation have softened somewhat in June," according to Joanne Hsu, Surveys of Consumers' director. "Still, inflation expectations remain above readings seen throughout the second half of 2024, reflecting widespread beliefs that trade policy may still contribute to an increase in inflation in the year ahead."

* July West Texas Intermediate crude oil closed up $5.30 to settle at $73.34 per barrel, while August Brent crude, the global benchmark, was last seen up $5.15 to $74.51 after Israel launched attacks on Iranian nuclear facilities and senior military leadership, raising fears of a spreading conflict in the region which supplies more than a fifth of the world's oil.

* RH (RH) shares jumped 6.8%. The home furnishing retailer late Thursday unexpectedly swung to fiscal Q1 adjusted earnings and reiterated its full-year revenue growth outlook despite macroeconomic and tariff-related uncertainties.

* Adobe (ADBE) shares were down 5.5%. The software maker will likely need more time to reap the benefits of its strategy aimed at driving demand amid rising competition, RBC said.

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