US markets slightly lower as US-Iran tensions rise

Tuesday, 25. June 2019 10:26

Stocks on Wall Street traded marginally under the flatline on Tuesday as tensions between the United States and Iran continued to rise. US President Donald Trump claimed he will not fire Federal Reserve Chairman Jerome Powell despite having the power to do so. FedEx Corp. sued the US Commerce Department, claiming it was "impossible" to follow the newest export restriction rules. UnitedHealth Group Inc. bought PatientsLikeMe after its majority owner from China was forced to divest from the health tech startup. Meanwhile, medical tech provider Teleflex Inc. announced it was recalling its breathing catheters over safety issues.

The Dow Jones Industrial Average was down just 0.05% at 4:25 am ET, while the Nasdaq 100 lost 0.17%. The S&P 500 decreased 0.10% concurrently.

The US dollar traded 0.10% higher against the euro to change hands for €0.87815 at 4:19 am ET. At the same time, the greenback fell 0.18% against the British pound to £0.78356.

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Author:
Breaking the News / MD