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S&P 500, Nasdaq close lower; investors uneasy about Mideast conflict
Business World Philippines
|June 23, 2025
The S&P 500 and Nasdaq ended lower on Friday, with investors on edge over the Iran-Israel conflict heading into the weekend, as the US considers whether to get involved.
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Trading was choppy for much of the session. The S&P 500 also ended lower for the week, while the Nasdaq registered a weekly gain.
Iran said it would not discuss the future of its nuclear program while under attack by Israel, as Europe tried to coax Tehran back into negotiations.
The White House said on Thursday that President Donald J. Trump will decide in the next two weeks whether the US will get involved in the Israel-Iran air war, adding pressure on Tehran to negotiate.
"Investors are a little bit nervous about buying stocks right in front of this situation and, more specifically, right in front of this weekend," said Rick Meckler, a partner at Cherry Lane Investments in New Vernon, New Jersey.
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