Source: Sharecast
At the close, the Dow Jones Industrial Average was down 1.79% at 42,197.79, while the S&P 500 lost 1.13% to 5,976.97, and the Nasdaq Composite saw out the session 1.30% weaker at 19,406.83.
The Dow closed 769.83 points lower on Friday, more than reversing gains recorded in the previous session (101.85) following the publication of last month's producer price index from the Bureau of Labor Statistics.
Stocks headed south after Israel's defence minister declared a special state of emergency following an Israeli attack on Iran, targeting the country's nuclear facilities and missile factories.
Overnight, some 200 fighter jets attacked the country's main uranium enrichment facility at Natanz, as well as Iranian commanders and nuclear scientists, according to the Wall Street Journal. Mossad agents were also said to be hunting leadership targets in Tehran.
The US Department of State claimed that Washington was not involved in the strike and did not assist with the attack on Iran in any way, while Donald Trump later claimed to have been aware of the attack, stating "we knew everything".
Later on Friday, Israel claimed that Iran had launched multiple missiles in its direction, in retaliation for its series of airstrikes, while Iranian state television said the country would not participate in a planned sixth round of nuclear negotiations with the US over the weekend.
Brent crude surged 7.50% to $74.56 per barrel, while West Texas Intermediate was 7.26% higher at $72.98 a barrel.
Elsewhere, fears regarding unilateral tariffs resurfaced after Trump said, "we're dealing with Japan, we're dealing with South Korea. We're dealing with a lot of them. So we're going to be sending letters out, in about a week and a half, two weeks, to countries, telling them what the deal is, like I did with EU."
On the macro front, consumer confidence in the United States rebounded this month after falling to a near-three-year low over the previous two months, according to a preliminary reading of a closely watched survey from the University of Michigan. The university's index of consumer sentiment rose to 60.5 in June, improving for the first time in six months, though still 20% below levels seen in December when confidence saw a post-election bump. This was up from 52.2 in May and April, the index's lowest level since July 2022 and well ahead of the consensus forecast of 53.5.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Chevron Corp. (CVX) $145.91 0.65%
Walgreens Boots Alliance, Inc. (WBA) $11.39 0.57%
Amgen Inc. (AMGN) $295.22 0.45%
Johnson & Johnson (JNJ) $157.10 0.28%
Dowdupont Inc. (DWDP) $0.00 0.00%
Microsoft Corp. (MSFT) $474.96 -0.05%
Merck & Co. Inc. (MRK) $81.71 -0.13%
Verizon Communications Inc. (VZ) $43.01 -0.35%
Walmart Inc. (WMT) $94.44 -0.41%
McDonald's Corp. (MCD) $301.91 -0.41%
Dow Jones - Fallers
Visa Inc. (V) $352.85 -4.99%
Nike Inc. (NKE) $60.53 -3.61%
American Express Co. (AXP) $287.79 -3.42%
Salesforce.Com Inc. (CRM) $258.40 -3.19%
Home Depot Inc. (HD) $354.66 -2.34%
Intel Corp. (INTC) $20.14 -1.90%
Goldman Sachs Group Inc. (GS) $613.54 -1.85%
Procter & Gamble Co. (PG) $160.28 -1.78%
3M Co. (MMM) $142.32 -1.69%
Coca-Cola Co. (KO) $71.02 -1.69%
S&P 500 - Risers
Apache Corp. (APA) $21.01 9.43%
Oracle Corp. (ORCL) $215.22 7.69%
CF Industries Holdings Inc. (CF) $99.93 6.50%
Halliburton Co. (HAL) $23.19 5.51%
Diamondback Energy Inc. (FANG) $154.91 5.44%
Archer-Daniels-Midland Co. (ADM) $52.00 4.71%
Northrop Grumman Corp. (NOC) $516.72 3.94%
Eog Resources Inc. (EOG) $125.28 3.89%
Occidental Petroleum Corp. (OXY) $46.45 3.78%
Lockheed Martin Corp. (LMT) $486.45 3.66%
S&P 500 - Fallers
VF Corp. (VFC) $11.59 -8.23%
Kohls Corp. (KSS) $8.12 -6.88%
Coty Inc. Class A (COTY) $4.73 -5.96%
Sherwin-Williams Co. (SHW) $335.88 -5.70%
Macy's Inc. (M) $11.24 -5.55%
Western Union Co. (WU) $8.63 -5.48%
Bread Financial Holdings, Inc. (BFH) $50.72 -5.34%
PPG Industries Inc. (PPG) $106.30 -5.11%
TripAdvisor Inc. (TRIP) $13.30 -5.07%
Norwegian Cruise Line Holdings Ltd (NCLH) $17.78 -5.02%
Nasdaq 100 - Risers
Qvc Group Inc Series A (QVCGA) $3.14 4.67%
Regeneron Pharmaceuticals Inc. (REGN) $529.24 2.25%
Dollar Tree Inc (DLTR) $95.19 1.06%
Micron Technology Inc. (MU) $115.60 1.00%
J.B. Hunt Transport Services Inc. (JBHT) $139.85 0.86%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $459.17 0.80%
Walgreens Boots Alliance, Inc. (WBA) $11.39 0.57%
Electronic Arts Inc. (EA) $148.48 0.54%
Amgen Inc. (AMGN) $295.22 0.45%
Seagate Technology Plc (STX) $127.27 0.39%
Nasdaq 100 - Fallers
Adobe Systems Inc. (ADBE) $391.68 -4.78%
Paypal Holdings Inc (PYPL) $70.83 -4.68%
Microchip Technology Inc. (MCHP) $65.73 -4.63%
Synopsys Inc. (SNPS) $478.86 -3.63%
Asml Holdings N.V. (ASML) $761.00 -3.38%
American Airlines Group (AAL) $10.37 -3.36%
Expedia Group Inc. (EXPE) $165.63 -3.23%
Sirius XM Holdings Inc (SIRI) $21.29 -3.12%
Marriott International - Class A (MAR) $254.99 -3.10%
Workday, Inc. (WDAY) $244.54 -3.05%