Wall Street saw a modest pullback on Tuesday, with all three major U.S. stock indices falling around 0.3%. The retreat came amid escalating geopolitical tensions and signs of a cooling U.S. economy.
Geopolitical Pressures Rattle Investors
Market sentiment took a hit after President Trump downplayed prospects for a ceasefire between Israel and Hamas, and urged Tehran residents to evacuate—a move that stoked fears of broader conflict in the Middle East.
These developments added a risk-off tone to the trading session, leading to defensive positioning across sectors.
Economic Data Disappoints
Retail Sales Miss Expectations
Retail sales for May contracted more than analysts anticipated, suggesting that consumer spending is slowing. The weakness may reflect the growing impact of tariffs and ongoing policy uncertainty on household behavior.
Import Prices Show No Growth
Meanwhile, import prices excluding tariffs were flat in May, a sign of waning trade demand that could pressure growth in coming quarters.
Stock Highlights: Movers & Shakers
🟥 T-Mobile (NASDAQ: TMUS)
-4%
Shares fell after SoftBank sold part of its stake to reinvest in AI initiatives, prompting a wave of profit-taking.
🟩 ExxonMobil (NYSE: XOM) & Chevron (NYSE: CVX)
Both energy giants gained as oil prices rose, buoyed by mounting geopolitical risks and supply concerns.
🟩 Verve Therapeutics (NASDAQ: VERV)
+75% to $10.90
The biotech stock surged after Eli Lilly announced a buyout at $10.50 per share. The premium acquisition price signals bullish sentiment in the gene-editing space.
Conclusion
Tuesday’s market dip highlights how global instability and softening economic data continue to influence investor behavior. As Wall Street watches both policy moves and geopolitical flashpoints, volatility may persist in the near term.
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