Stocks Settle Mostly Lower as Chip Makers Fall

The S&P 500 ($ Spy) (SPY) is closed on Friday by -0.22 %, closing the Dow Jones Industries ($ DowI) +08 %, and closed the NASDAQ 100 ($ IUXX) (QQQ) -0.43 %. Futures decreased in September (S&P) (ESU25) by -0.21 %, and future NASDAC decreased in September (NQU25) by -0.40 %.

On Friday, the stock indicators abandoned early progress and often ended in weak chips after a report issued by the Wall Street Journal that a senior American official told the best international conductors that the United States could cancel exemptions from allies with semiconductor plants in China.

The negative commercial news also pressed the shares after the Financial Times reported that Japan had canceled a higher level of commercial meeting with the United States, which was identified on July 1, after a request from the Trump administration to increase its defensive spending. Investors are preparing for more negative tariff news during the next week or so, after President Trump announced last Wednesday that he intends to send messages to dozens of commercial partners in us within a week to two weeks, which puts the customs tariffs unilaterally before the final date on July 9, which came with his suspension for 90 days.

The stocks initially rose to Friday, driven by a Reuters report that the Iranian government said it was ready to discuss restrictions on enrichment in uranium.

The shares were supported on Friday by speculation that the United States will provide negotiations an opportunity before it decides to enter the Iran war, Iran, following the White House announcement on Thursday that President Trump will decide within two weeks of any participation in the United States in the conflict, and there is still a great opportunity for the negotiating settlement.

The stocks also received support from the Dovish comments on Friday from the Federal Reserve Governor, who said: “I think we have room to reduce interest rates early in July, and then we can see somewhat happening with inflation.”

The American economic news on Friday was negative for stocks. The survey of expectations in June did not change in -40, that is, weaker than to 1.5 expectations. Also, the Mayo Index (LEI) has decreased by -0.1 % m/m, on the right on expectations, and the sixth month in a row in which the Lei decreased.

The hostilities between Israel and Iran entered the eighth day on Friday without any signs of mitigation. Israel struck more Iranian nuclear and missile production sites on Friday and warned that it might reduce Iran’s leadership. Meanwhile, Iran said it would not negotiate with the United States as Israel’s attack continues. Iranian President Bezishian said that the only way to end the imposed war is to “stop without restriction or condition” the enemy’s aggression. Iran has not showed any signs of retreat and the intention to respond by force if the United States will directly participate in Israeli attacks.

So far, Iran has not tried to close the biological strait of the hormone, which deals with about 20 % of the world’s daily raw charges. However, the French marine communication group said that the navigational signals of about 1,000 ships per day are moving across the strait due to the “severe jamming” of the signs from the Iranian Bandar Abbas port, causing collision from two tanks on Tuesday near the hormone strait.

Markets deduct the opportunities by 17 % to reduce the interest rate -25 basis points at the FOMC meeting from 29 to 30 July.

Foreign stock markets on Friday settled mixed. Clo Stoxx 50 closed by +0.70 %. The Chinese Chinese compound closed by -0.07 %. Nikkei’s share in Japan closed 225 by -0.22 %.

Useful interest rates

T-Notes closed September 10 (Znu25) on Friday until +6. The T -Note returns for 10 years -1.6 basis points decreased to 4.375 %. On Friday, T-Notes recovered from early losses and moved up to the weakest wiping in Philadelphia Fed Outlook. Also, the comments from Federal Reserve Governor Waller pushed ventilation prices up when he said: “I think we have room to reduce interest rates in early July.” T-Notes is still supported by safe demand for calm due to the possibility that the United States will bomb the Iranian nuclear complex. T-note also witnessed support for stock.

On Friday, T-Notes fell to a decrease in demand for safe term after President Trump pledged to search for a diplomatic solution for the Iranian nuclear program over the next two weeks. Also, high-end inflation expectations for T-Notes after the high rate of expectations in the United States for 10 years on Friday to the highest level for two weeks by 2.34 %.

On Friday, European government bonds revenues were mixed. German return has decreased for 10 years -0.4 basis points to 2.517 %. The UK’s doctrine has increased for 10 years +0.7 basis points to 4.537 %.

The consumer confidence index in the Greek region in June -0.1 decreased to -15.3, weaker than the increase expectations to -14.9.

German PPI decreased by 1.2 % on an annual basis, directly on expectations and the largest decrease in 8 months.

Previous retail sales of retail sales decreased by -2.8 %/m, weaker than -0.7 % m/m and the largest decrease in nearly 1-1/2 years.

The bares are due to 7 % deduction to reduce the interest rate by the European Central Bank at the policy meeting on July 24.

American engines

Chips maker fell on Friday and weigh in the wider market. Lam Research (LRCX) and KLA Corp (Klac) closed more than -2 %. Also, applied materials (AMAT), Intel (INTC), Qualcomm (Q susecom), NXP SemiDuctors NV (NXPI), Broadcom (AVGO), and Marvel Technology (MRVL) with more than -1 %.

The weakness in the wonderful seven shares on Friday was a negative factor for the total market. Google was closed for more than -3 %. Also, the Meta (Meta), NVIDIA (NVDA) and Amazon.com platforms closed more than -1 %. In addition, Microsoft (MSFT) closed by -0.59 %. However, the Apple (AAPL) closed the trend and closed more than +2 %. Tesla (TSLA) closed +0.03 %.

Accenture (ACN) closed more than -6 % to lead the losers in the S&P 500 index after reducing the entire general operating margin expectations to 15.6 % of the previous 15.6 % -15.7 %.

SMITHH & Wesson (SWBI) brands closed more than -19 % after reporting the profitable profit of Q4 of 20 cents, i.e. weaker 23 cents.

Sarepta Therapeutics (SRPT) closed more than 3 % after William Blair reduced stock marketing from Outperform.

Johnson International closed more than -1 % after Obenheimer has reduced stock classification to perform from Outperform.

KROGER (KR) closed more than +9 % to lead the winners in the S&P 500 after reporting the profitable profit fourth Q1 from $ 1.49, better than a consensus of $ 1.45.

Carmax (KMX) closed more than +6 % after reporting the net Q1 sales of $ 7.55 billion, stronger than expectations of $ 7.52 billion.

GMS Inc (GMS) closed more than +24 % after the Wall Street Journal reported that Home Depot had made an offer to the company, which could lead to a bidding war with QXO Inc, which made a $ 5 billion offer to the company earlier this week.

The Circle Internet Group (CRCL) closed more than +20 %, adding to an increase of +34 % of the US Senate after the US Senate approved legislation from Stablecoin who set the regulatory bases of cryptocurrencies related to dollars.

Mondelez International (MDLZ) closed more than +2 % to lead the winners in NASDAQ 100 after upgrading Wells Fargo Securities to weight gain from neutral with a $ 78 goal.

Fair Isaac Co (FICO) closed more than +2 % after its board of directors approved the shares resetting program to obtain up to one billion dollars in the company’s joint shares.

Darden restaurants (DRI) closed more than 1 % after reporting that Q4 sales are comparable to the stores themselves increased by 4.60 %, stronger than 3.46 % consensus.

Profit reports (6/23/2025)

Commercial Minerals Company (CMC), FactSet Research Systems Inc (FDS), KB Home (KBH).

On the date of publication, Rich Asplund did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com