Stocks moved lower as the armed conflict between Israel and Iran continued for the fifth day. Most recently, U.S. President Trump took to Truth Social to threaten Iranian leader Ayatollah Ali Khamenei and demand 'unconditional surrender.' This comes after Trump's earlier post calling for the evacuation of Tehran.
The Dow and Nasdaq both posted triple-digit drops, while the S&P 500 finished comfortably lower. Wall Street's "fear gauge," the Cboe Volatility Index (VIX), surged 13% for its fourth gain in the last five sessions.
Continue reading for more on today's market, including:
- The best and worst stock performers of 2025 so far.
- Spotlighting Black leadership ahead of the Juneteenth holiday.
- Plus, a chip stock to watch next week; solar stocks feeling the heat; and the latest biotech deal.
5 Things to Know Today
- Netflix (NFLX) is opening TV-show themed spaces in Philadelphia, PA and Dallas, TX, with plans to open more in the future. (MarketWatch)
- A map of the attacks between Israel and Iran. (Reuters)
- Micron is gearing up for earnings.
- A closer look at FSLR and ENPH as the solar sector plummets.
- Biotech giant soaring on Eli Lilly buyout.
Oil Prices Resume Surge
Oil prices jumped once again amid Middle East tensions. July-dated West Texas Intermediate (WTI) crude rose $3.07, or 4.28%, to close at $74.84 per barrel.
Bullion inched lower as the greenback strengthened today, though notably, silver jumped to a 13-year high. U.S. gold futures fell about 0.3% to settle at $3,408.70 per ounce.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
