US stock market outlook amidst Iran Israel War: Will S&P 500, Dow Jones, Nasdaq go up on Friday after Juneteenth holiday?
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US stock market indexes -- S&P 500 Dow Jones , and Nasdaq -- will look to open in green on Friday. However, investors will remain cautious following ongoing fighting between Iran and Israel. S&P 500 futures fell almost 1 per cent, although most U.S. markets - including Wall Street and the Treasury market - will be closed on Thursday for a public holiday."Market participants remain edgy and uncertain," said Kyle Rodda, senior financial markets analyst at Capital.com.Speculation was rife "that the U.S. will intervene, something that would mark a material escalation and could invite direct retaliation against the U.S. by Iran. Such a scenario would raise the risk of a greater regional conflict, with implications for global energy supply and probably economic growth," he added.Much of the recent nervousness in markets has been centred around crude supply shocks from the Middle East. Wall Street stocks ended little changed Wednesday after the Federal Reserve kept interest rates steady.Dow Jones Industrial Average ended down 0.1 percent at 42,171.66. The broad-based S&P 500 slipped less than 0.1 percent to 5,980.87, while the tech-rich Nasdaq Composite Index added 0.1 percent at 19,546.27.The market's ability to avoid major losses amid the Middle East turmoil is "extremely bullish", said Adam Sarhan of 50 Park Investments, while still pointing to trade-talk uncertainty as a worry.The market believes that "most likely cooler heads will prevail on the trade front and on the Middle East front," said Sarhan, who described Wednesday's Fed meeting outcome as in line with expectations.A1. US stock market indexes are S&P 500, Dow Jones, and Nasdaq.A2. Dow Jones Industrial Average ended down 0.1 percent at 42,171.66. The broad-based S&P 500 slipped less than 0.1 percent to 5,980.87, while the tech-rich Nasdaq Composite Index added 0.1 percent at 19,546.27.
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