Retail slump and Trump’s warning sink Wall Street

Israeli stocks broke new records Tuesday while US markets dropped, as the war between Israel and Iran kept escalating for a fifth straight day after President Donald Trump seemingly sided with Israel. The Tel Aviv 125 index climbed another 1.1% during Tuesday’s session after already finishing Monday at an all-time high. The Tel Aviv 35, which includes the biggest public companies in Israel, gained 1% and smashed its previous high again. According to data from CNBC, global shares mostly held on Monday even with the conflict dragging on. But by Tuesday, the mood flipped. Stock indexes across Europe and Asia swung back and forth. US markets opened red, and futures showed weakness early. The contrast was sharp. While most investors were pulling back, those betting on Israel were still buying. The iShares MSCI Israel ETF, a common way for foreigners to invest in Israeli equities, also touched a new peak. Retail slump and Trump’s warning sink Wall Street On Wall Street, the numbers didn’t look good. The Dow Jones Industrial Average fell 129 points, or 0.3%. The S&P 500 and the Nasdaq Composite were both down 0.4%. Investors were dealing with a double hit—rising tensions in the Middle East and a bad retail report for May. Sales fell 0.9% month-over-month, worse than the 0.6% drop forecast by Dow Jones. Without car sales, it still declined 0.3%, while economists expected a small gain. The US was also trying to process President Trump’s sudden early exit from the G7 summit in Canada. Trump left without signing deals with several member states, saying he had to deal with the Middle East crisis. That same night, he posted on Truth Social: “Everyone should immediately evacuate Tehran.” The comment fueled speculation about a broader conflict. French President Emmanuel Macron said Trump had floated a ceasefire proposal between Iran and Israel during the summit. But Trump responded the next day that his G7 departure “had nothing to do with a Cease Fire. Much bigger than that.” Deutsche Bank strategist Jim Reid wrote, “We’re all in a bit of a limbo in terms of whether anything substantive came out of the summit and whether Trump was alluding to new information with his post and his early G7 meeting departure.” Oil and silver move up while Tesla slumps While global stocks dropped, commodities went the other way. Brent crude and West Texas Intermediate futures both rose more than 2% Tuesday. That jump came after reports said Iran might’ve wanted a truce on Monday. But as the airstrikes continued Tuesday, hopes for peace faded, and prices went up. Silver futures also surged to $37.33 per ounce. That’s the highest level the metal has seen since February 29, 2012. Demand has been rising for silver because it plays a big role in building tech and renewable energy systems. When global tensions heat up, silver usually catches attention as a safer bet. Meanwhile, Tesla shares slid 1.7% after Wells Fargo analyst Colin Langan cut his earnings projections for the electric carmaker. In a note to clients, Colin said Tesla’s delivery numbers for the second quarter looked flat compared to a weak first quarter. “We now expect FY deliveries down 21% y/y,” he wrote. He also said Tesla might face negative free cash flow next year. Colin kept an underweight rating on Tesla stock and said the company’s big bet on robotaxis was probably going to face delays. “Q2 deliveries look ~flat vs. a weak Q1,” he added. That was another bad sign for the company, which has struggled to show strong performance in recent months. KEY Difference Wire helps crypto brands break through and dominate headlines fast

Source: Cryptopolitan